Is 07866, 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, 07866 has remained a Seller's Market.
Housing Prices in 07866, NJ
How much do homes in 07866, NJ cost?
Median Sold Price
$490,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07866 was $490,000 in April 2024, up 13% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.5K | $330K | +28.2% |
2 Bedrooms | $375K | $434.2K | +15.8% |
3 Bedrooms | $430K | $465K | +8.1% |
4 Bedrooms | $535K | $606.3K | +13.3% |
5+ Bedrooms | $690K | $650K | -5.8% |
Summary: 07866 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.2%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in 07866, NJ
How many homes are available in 07866, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 83 | +20.3% |
Summary: The 07866 real estate market had 83 homes for sale in April 2024, a 20.3% increase 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 | 19 | 22 | +15.8% |
3 Bedrooms | 21 | 30 | +42.9% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 07866 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 increased by 15.8%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 07866 in April 2024, up by 21.4% month-over-month. Of the 17 sold homes, 6% were sold under asking, 12% were sold at asking, and 82% were sold over asking.
Days on Market for 07866, NJ
We’re sorry, we don't have information for this market at the moment