Is 07921, 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, 07921 has remained a Seller's Market.
Key Takeaway
07921 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07921, NJ
How much do homes in 07921, NJ cost?
Median Sold Price
$439,500
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 07921 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 07921 was $439,500 in March 2024, up 3.4% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | $272.5K | -3.5% |
| 2 Bedrooms | $398K | $430K | +8.0% |
| 3 Bedrooms | $540.8K | $641K | +18.5% |
| 4 Bedrooms | $770K | $999.9K | +29.9% |
| 5+ Bedrooms | $1.5M | $999.9K | -35.5% |
Summary: 07921 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes decreased by 35.5%.
Housing Supply in 07921, NJ
How many homes are available in 07921, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Summary: The 07921 real estate market had 35 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 21 | +31.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 07921 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 31.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07921, you could pay more than the asking price. 90% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 07921 in March 2024, the same as the previous month. Of the 10 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% were sold over asking.
Days on Market for 07921, NJ
We’re sorry, we don't have information for this market at the moment
