Is 07712, 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, 07712 was a Buyer's Market.
Housing Prices in 07712, NJ
How much do homes in 07712, NJ cost?
Median Sold Price
$600,760
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07712 was $600,760 in April 2024, up 9.2% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $415K | +18.6% |
2 Bedrooms | $483.7K | $525K | +8.5% |
3 Bedrooms | $560K | $625.2K | +11.7% |
4 Bedrooms | $755K | $850K | +12.6% |
5+ Bedrooms | $940K | $962.5K | +2.4% |
Summary: 07712 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in 07712, NJ
How many homes are available in 07712, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
149 | 145 | -2.7% |
Summary: The 07712 real estate market had 145 homes for sale in April 2024, a 2.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 17 | +13.3% |
2 Bedrooms | 50 | 41 | -18.0% |
3 Bedrooms | 37 | 36 | -2.7% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The 07712 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 07712 in April 2024, up by 11.1% month-over-month. Of the 30 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% were sold over asking.
Days on Market for 07712, NJ
How long does it take to sell a home in 07712, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 45 Days | +35.4% |
Summary: Homes in 07712 had an average of 45 days on market in Apr 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in 07712; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.