Is 07726, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 07726 has remained a Seller's Market.
Housing Prices in 07726, NJ
How much do homes in 07726, NJ cost?
Median Sold Price
$650,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07726 was $650,000 in April 2024, up 4.9% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $227.4K | +11.0% |
2 Bedrooms | $320K | $350K | +9.4% |
3 Bedrooms | $570K | $625K | +9.6% |
4 Bedrooms | $745K | $761K | +2.1% |
5+ Bedrooms | $857.5K | $990K | +15.5% |
Summary: 07726 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 15.5%.
Housing Supply in 07726, NJ
How many homes are available in 07726, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
154 | 150 | -2.6% |
Summary: The 07726 real estate market had 150 homes for sale in April 2024, a 2.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 50 | 46 | -8.0% |
3 Bedrooms | 33 | 35 | +6.1% |
4 Bedrooms | 40 | 40 | 0.0% |
5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The 07726 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 35 | +6.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 07726 in April 2024, up by 6.1% month-over-month. Of the 35 sold homes, 37% were sold under asking, 9% were sold at asking, and 54% were sold over asking.
Days on Market for 07726, NJ
How long does it take to sell a home in 07726, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 27 Days | +21.3% |
Summary: Homes in 07726 had an average of 27 days on market in Apr 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in 07726; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.