Is 07857, 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, 07857 was a Seller's Market.
Housing Prices in 07857, NJ
How much do homes in 07857, NJ cost?
Median Sold Price
$390,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07857 was $390,000 in March 2024, up 4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $284K | $325K | +14.4% |
3 Bedrooms | $377.5K | $405K | +7.3% |
4 Bedrooms | $405K | $395K | -2.5% |
5+ Bedrooms | $426.9K | $530K | +24.1% |
Summary: 07857 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 24.1%.
Housing Supply in 07857, NJ
How many homes are available in 07857, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Summary: The 07857 real estate market had 10 homes for sale in March 2024, a 150.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 8 | +300.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 07857 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 remained the same, 3 bedroom homes increased by 300%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 07857 in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07857, NJ
We’re sorry, we don't have information for this market at the moment