Is 07832, 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, 07832 was a Seller's Market.
Key Takeaway
07832 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07832, NJ
How much do homes in 07832, NJ cost?
Median Sold Price
$428,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07832 have sold for 3.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $426.5K | $260K | -39.0% |
| 3 Bedrooms | $350K | $425K | +21.4% |
| 4 Bedrooms | $463.5K | $500K | +7.9% |
| 5+ Bedrooms | $450K | - | N/A |
Summary: 07832 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 decreased by 39%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07825 | $412.5K | $476.2K | +15.5% |
| 07832 | $415K | $428K | +3.1% |
Housing Supply in 07832, NJ
How many homes are available in 07832, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Summary: The 07832 real estate market had 18 homes for sale in April 2024, a 50.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 07832 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 increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07832, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 07832 in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 07832, NJ
We’re sorry, we don't have information for this market at the moment
