Is 07843, 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, 07843 has remained a Seller's Market.
Housing Prices in 07843, NJ
How much do homes in 07843, NJ cost?
Median Sold Price
$385,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07843 was $385,000 in April 2024, up 16.3% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $230K | +37.3% |
2 Bedrooms | $265K | $294K | +10.9% |
3 Bedrooms | $360K | $386K | +7.2% |
4 Bedrooms | $430K | $440K | +2.3% |
5+ Bedrooms | $580K | $520K | -10.3% |
Summary: 07843 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in 07843, NJ
How many homes are available in 07843, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 79 | +17.9% |
Summary: The 07843 real estate market had 79 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 22 | +29.4% |
3 Bedrooms | 29 | 32 | +10.3% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 07843 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 07843 in April 2024, up by 72.7% month-over-month. Of the 19 sold homes, 32% were sold under asking, 0% were sold at asking, and 68% were sold over asking.
Days on Market for 07843, NJ
We’re sorry, we don't have information for this market at the moment