Is 07882, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 07882 has remained a Seller's Market.
Housing Prices in 07882, NJ
How much do homes in 07882, NJ cost?
Median Sold Price
$375,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07882 was $375,000 in April 2024, up 11.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $92K | -50.3% |
2 Bedrooms | $250K | $315K | +26.0% |
3 Bedrooms | $305K | $345K | +13.1% |
4 Bedrooms | $487.5K | $493K | +1.1% |
5+ Bedrooms | $362K | $435K | +20.2% |
Summary: 07882 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.3%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 20.2%.
Housing Supply in 07882, NJ
How many homes are available in 07882, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 77 | +28.3% |
Summary: The 07882 real estate market had 77 homes for sale in April 2024, a 28.3% 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 | 12 | 15 | +25.0% |
3 Bedrooms | 21 | 31 | +47.6% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 07882 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 25%, 3 bedroom homes increased by 47.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
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 07882 in April 2024, up by 100.0% 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 07882, NJ
How long does it take to sell a home in 07882, NJ?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in 07882; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.