Is 07013, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 07013 was a Seller's Market.
Key Takeaway
07013 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07013, NJ
How much do homes in 07013, NJ cost?
Median Sold Price
$540,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07013 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 07013 was $540,000 in April 2024, up 14.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $299K | +17.3% |
| 2 Bedrooms | $425K | $486.1K | +14.4% |
| 3 Bedrooms | $495K | $540K | +9.1% |
| 4 Bedrooms | $560K | $605K | +8.0% |
| 5+ Bedrooms | $660K | $682.5K | +3.4% |
Summary: 07013 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Zip Codes
| 07043 | $1.1M | $1.4M | +18.8% |
| 07013 | $471K | $540K | +14.6% |
Housing Supply in 07013, NJ
How many homes are available in 07013, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 82 | +64.0% |
Summary: The 07013 real estate market had 82 homes for sale in April 2024, a 64.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 15 | 32 | +113.3% |
| 4 Bedrooms | 13 | 23 | +76.9% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 07013 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 113.3%, 4 bedroom homes increased by 76.9%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07013, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 07013 in April 2024, the same as the previous month. Of the 13 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07013, NJ
We’re sorry, we don't have information for this market at the moment
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.