Is 07928, 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, 07928 was a Seller's Market.
Key Takeaway
07928 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07928, NJ
How much do homes in 07928, NJ cost?
Median Sold Price
$1,029,000
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 07928 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 07928 was $1,029,000 in March 2024, up 8.7% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $410K | +13.9% |
| 2 Bedrooms | $495K | $497K | 0.4% |
| 3 Bedrooms | $765K | $870K | +13.7% |
| 4 Bedrooms | $1.1M | $1.2M | +6.4% |
| 5+ Bedrooms | $1.7M | $2.0M | +12.9% |
Summary: 07928 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Zip Codes
| 07901 | $1.0M | $1.2M | +13.9% |
| 07928 | $946.3K | $1.0M | +8.7% |
| 07940 | $872.5K | $900K | +3.2% |
| 07974 | $821.5K | $800K | -2.6% |
Housing Supply in 07928, NJ
How many homes are available in 07928, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 72 | +50.0% |
Summary: The 07928 real estate market had 72 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 13 | 28 | +115.4% |
| 5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The 07928 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 115.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
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 07928, 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 07928 in March 2024, up by 42.9% month-over-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 07928, NJ
We’re sorry, we don't have information for this market at the moment
