Is 07852, 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, 07852 was a Seller's Market.
Key Takeaway
07852 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 07852, NJ
How much do homes in 07852, NJ cost?
Median Sold Price
$417,450
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07852 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 07852 was $417,450 in April 2024, up 10.8% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $315K | +5.4% |
| 2 Bedrooms | $350K | $367.5K | +5.0% |
| 3 Bedrooms | $375K | $430K | +14.7% |
| 4 Bedrooms | $740K | $760K | +2.7% |
| 5+ Bedrooms | $680K | $712.5K | +4.8% |
Summary: 07852 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Zip Codes
| 07852 | $376.7K | $417.4K | +10.8% |
| 07876 | $530K | $583.5K | +10.1% |
| 07850 | $410K | $447.5K | +9.1% |
Housing Supply in 07852, NJ
How many homes are available in 07852, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Summary: The 07852 real estate market had 13 homes for sale in April 2024, a 116.7% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 07852 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 200%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07852, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 07852 in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07852, NJ
We’re sorry, we don't have information for this market at the moment
