Is 07922, 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, 07922 has remained a Seller's Market.
Housing Prices in 07922, NJ
How much do homes in 07922, NJ cost?
Median Sold Price
$755,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07922 was $755,000 in April 2024, up 10.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $217.5K | +7.4% |
2 Bedrooms | $428K | $455.5K | +6.4% |
3 Bedrooms | $608.7K | $625K | +2.7% |
4 Bedrooms | $720K | $840.5K | +16.7% |
5+ Bedrooms | $980K | $920K | -6.1% |
Summary: 07922 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Zip Codes
07933 | $555K | $630.5K | +13.6% |
07922 | $682K | $755K | +10.7% |
07069 | $875K | $951.7K | +8.8% |
07092 | $797.5K | $859.6K | +7.8% |
07974 | $799K | $800K | 0.1% |
Housing Supply in 07922, NJ
How many homes are available in 07922, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 32 | +28.0% |
Summary: The 07922 real estate market had 32 homes for sale in April 2024, a 28.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 8 | 6 | -25.0% |
4 Bedrooms | 9 | 15 | +66.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 07922 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 07922 in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for 07922, NJ
We’re sorry, we don't have information for this market at the moment