Is 07830, 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, 07830 was a Buyer's Market.
Key Takeaway
07830 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07830, NJ
How much do homes in 07830, NJ cost?
Median Sold Price
$667,500
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07830 have sold for 6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | - | N/A |
| 2 Bedrooms | $287.5K | $375K | +30.4% |
| 3 Bedrooms | $475K | $512.5K | +7.9% |
| 4 Bedrooms | $768.7K | $810.5K | +5.4% |
| 5+ Bedrooms | $915K | $1.1M | +29.0% |
Summary: 07830 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 30.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 29%.
Housing Supply in 07830, NJ
How many homes are available in 07830, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Summary: The 07830 real estate market had 31 homes for sale in April 2024, a 29.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 07830 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 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07830, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 07830 in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 07830, NJ
We’re sorry, we don't have information for this market at the moment
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