Is 07866, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 07866 has remained a Seller's Market.
Housing Prices in 07866, NJ
How much do homes in 07866, NJ cost?
Median Sold Price
$475,700
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07866 was $475,700 in March 2024, up 9.6% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $330K | +22.2% |
2 Bedrooms | $371K | $425K | +14.6% |
3 Bedrooms | $430K | $451K | +4.9% |
4 Bedrooms | $535K | $600K | +12.1% |
5+ Bedrooms | $660K | $650K | -1.5% |
Summary: 07866 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 07866, NJ
How many homes are available in 07866, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 73 | +12.3% |
Summary: The 07866 real estate market had 73 homes for sale in March 2024, a 12.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 19 | 19 | 0.0% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 07866 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 21.1%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 07866 in March 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 07866, NJ
We’re sorry, we don't have information for this market at the moment