Is 07931, 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, 07931 was a Seller's Market.
Housing Prices in 07931, NJ
How much do homes in 07931, NJ cost?
Median Sold Price
$1,250,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07931 was $1,250,000 in March 2024, up 3.3% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $577.5K | $785K | +35.9% |
3 Bedrooms | $515K | $649.5K | +26.1% |
4 Bedrooms | $1.0M | $1.2M | +22.9% |
5+ Bedrooms | $1.7M | $1.6M | -5.9% |
Summary: 07931 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.9%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in 07931, NJ
How many homes are available in 07931, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Summary: The 07931 real estate market had 19 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 07931 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 decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 07931 in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 07931, NJ
We’re sorry, we don't have information for this market at the moment