Is 07856, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 07856 was a Neutral Market.
Key Takeaway
07856 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07856, NJ
How much do homes in 07856, NJ cost?
Median Sold Price
$440,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 07856 have sold for 16.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236K | $265K | +12.3% |
| 2 Bedrooms | $350K | $415K | +18.6% |
| 3 Bedrooms | $486.5K | $475K | -2.4% |
| 4 Bedrooms | $492.5K | $555K | +12.7% |
| 5+ Bedrooms | $635K | $640K | +0.8% |
Summary: 07856 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Zip Codes
| 07856 | $377.5K | $440K | +16.6% |
| 07843 | $331K | $378.5K | +14.4% |
| 07852 | $379.2K | $413.5K | +9.0% |
| 07850 | $406K | $435K | +7.1% |
Housing Supply in 07856, NJ
How many homes are available in 07856, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Summary: The 07856 real estate market had 16 homes for sale in March 2024, a 60.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 07856 housing inventory by bedroom type for March 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07856, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 07856 in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07856, NJ
We’re sorry, we don't have information for this market at the moment
