Is 07933, 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, 07933 has remained a Seller's Market.
Key Takeaway
07933 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07933, NJ
How much do homes in 07933, NJ cost?
Median Sold Price
$611,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 07933 have sold for 11.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.5K | - | N/A |
| 2 Bedrooms | $355K | $457K | +28.7% |
| 3 Bedrooms | $499.4K | $585K | +17.1% |
| 4 Bedrooms | $702K | $837.2K | +19.3% |
| 5+ Bedrooms | $700K | $906K | +29.4% |
Summary: 07933 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 28.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 29.4%.
Median Sold Price Compared To Nearby Zip Codes
| 07946 | $652.2K | $725K | +11.2% |
| 07933 | $550K | $611K | +11.1% |
| 07922 | $680K | $750K | +10.3% |
Housing Supply in 07933, NJ
How many homes are available in 07933, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The 07933 real estate market had 8 homes for sale in March 2024, a 11.1% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 07933 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 decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07933, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 07933 in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07933, NJ
We’re sorry, we don't have information for this market at the moment
