Is 07836, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 07836 has remained a Seller's Market.
Key Takeaway
07836 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07836, NJ
How much do homes in 07836, NJ cost?
Median Sold Price
$618,750
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07836 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 07836 was $618,750 in April 2024, up 12.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $589.8K | $542.5K | -8.0% |
| 3 Bedrooms | $441.5K | $473.5K | +7.2% |
| 4 Bedrooms | $560K | $630.5K | +12.6% |
| 5+ Bedrooms | $900K | $807.5K | -10.3% |
Summary: 07836 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 8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Zip Codes
| 07836 | $550K | $618.7K | +12.5% |
| 07852 | $376.7K | $417.4K | +10.8% |
| 07876 | $530K | $583.5K | +10.1% |
| 07828 | $482.5K | $488K | +1.1% |
Housing Supply in 07836, NJ
How many homes are available in 07836, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Summary: The 07836 real estate market had 38 homes for sale in April 2024, a 22.6% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 07836 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 decreased by 33.3%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07836, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 07836 in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.
Days on Market for 07836, NJ
We’re sorry, we don't have information for this market at the moment
