Is 07827, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 07827 was a Seller's Market.
Key Takeaway
07827 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07827, NJ
How much do homes in 07827, NJ cost?
Median Sold Price
$250,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07827 have sold for 17.6% less than they did a year ago.
Summary: The median home sold price in 07827 was $250,000 in April 2024, down 17.6% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $127K | N/A |
| 2 Bedrooms | $140K | $194.8K | +39.2% |
| 3 Bedrooms | $329K | $350K | +6.4% |
| 4 Bedrooms | $385K | $420K | +9.1% |
| 5+ Bedrooms | $345K | $182K | -47.2% |
Summary: 07827 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 47.2%.
Median Sold Price Compared To Nearby Zip Codes
| 07826 | $356.2K | $410.9K | +15.4% |
| 07827 | $303.5K | $250K | -17.6% |
Housing Supply in 07827, NJ
How many homes are available in 07827, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The 07827 real estate market had 20 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 07827 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07827, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 07827 in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 07827, NJ
We’re sorry, we don't have information for this market at the moment
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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