Is 07728, 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, 07728 has remained a Seller's Market.
Housing Prices in 07728, NJ
How much do homes in 07728, NJ cost?
Median Sold Price
$486,605
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07728 was $486,605 in April 2024, up 13.2% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217.5K | $221K | +1.6% |
2 Bedrooms | $338.5K | $370K | +9.3% |
3 Bedrooms | $437K | $480K | +9.8% |
4 Bedrooms | $705K | $726.5K | +3.0% |
5+ Bedrooms | $810K | $945.3K | +16.7% |
Summary: 07728 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in 07728, NJ
How many homes are available in 07728, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
174 | 192 | +10.3% |
Summary: The 07728 real estate market had 192 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 11 | -15.4% |
2 Bedrooms | 64 | 79 | +23.4% |
3 Bedrooms | 34 | 39 | +14.7% |
4 Bedrooms | 41 | 43 | +4.9% |
5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The 07728 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 54 | +54.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in 07728 in April 2024, up by 54.3% month-over-month. Of the 54 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
Days on Market for 07728, NJ
How long does it take to sell a home in 07728, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 35 Days | +33.9% |
Summary: Homes in 07728 had an average of 35 days on market in Apr 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in 07728; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.