Is 07974, 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, 07974 was a Buyer's Market.
Housing Prices in 07974, NJ
How much do homes in 07974, NJ cost?
Median Sold Price
$800,000
$651/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07974 was $800,000 in March 2024, down 2.6% from last year, and the median price per square foot was $651.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $475K | $601.5K | +26.6% |
3 Bedrooms | $653.7K | $765K | +17.0% |
4 Bedrooms | $857.5K | $852K | -0.6% |
5+ Bedrooms | $1.1M | $1.2M | +5.9% |
Summary: 07974 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 26.6%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 07974, NJ
How many homes are available in 07974, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Summary: The 07974 real estate market had 34 homes for sale in March 2024, a 9.7% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 07974 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 25%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 07974 in March 2024, up by 175.0% month-over-month. Of the 11 sold homes, 0% were sold under asking, 27% were sold at asking, and 73% were sold over asking.
Days on Market for 07974, NJ
How long does it take to sell a home in 07974, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 07974; 9% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.