Is 07740, 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, 07740 was a Neutral Market.
Key Takeaway
07740 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07740, NJ
How much do homes in 07740, NJ cost?
Median Sold Price
$749,000
$448/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 07740 has remained the same since last year.
Summary: The median home sold price in 07740 was $749,000 in April 2024, down 0.1% from last year, and the median price per square foot was $448.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $600K | $375K | -37.5% |
| 2 Bedrooms | $734.5K | $735K | 0.1% |
| 3 Bedrooms | $695K | $695K | 0.0% |
| 4 Bedrooms | $850K | $1.0M | +21.8% |
| 5+ Bedrooms | $1.3M | $1.5M | +14.2% |
Summary: 07740 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 0.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 07740, NJ
How many homes are available in 07740, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 194 | 212 | +9.3% |
Summary: The 07740 real estate market had 212 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 29 | -3.3% |
| 2 Bedrooms | 47 | 59 | +25.5% |
| 3 Bedrooms | 39 | 49 | +25.6% |
| 4 Bedrooms | 38 | 36 | -5.3% |
| 5+ Bedrooms | 40 | 39 | -2.5% |
Summary: The 07740 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 25.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07740, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 07740 in April 2024, up by 57.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 36% were sold at asking, and 5% were sold over asking.
Days on Market for 07740, NJ
How long does it take to sell a home in 07740, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 47 Days | -6.8% |
Summary: Homes in 07740 had an average of 47 days on market in Apr 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07740 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in 07740; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
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. 
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.