Is 07849, 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, 07849 was a Seller's Market.
Key Takeaway
07849 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07849, NJ
How much do homes in 07849, NJ cost?
Median Sold Price
$430,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07849 have sold for 6.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192K | $147.7K | -23.0% |
| 2 Bedrooms | $274.9K | $315K | +14.6% |
| 3 Bedrooms | $440K | $423.5K | -3.8% |
| 4 Bedrooms | $632.9K | $700K | +10.6% |
| 5+ Bedrooms | $592.5K | $1.1M | +88.6% |
Summary: 07849 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23%, 2 bedroom homes increased by 14.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 88.6%.
Housing Supply in 07849, NJ
How many homes are available in 07849, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 35 | +29.6% |
Summary: The 07849 real estate market had 35 homes for sale in April 2024, a 29.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 07849 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 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07849, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 07849 in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07849, NJ
We’re sorry, we don't have information for this market at the moment
