$8,134 Closing Credit*
$685,000
4 Beds
•2 Full Baths
Listing Office: PATRIOTS REAL ESTATE LLC
Is 07004, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 07004 has remained a Seller's Market.
Key Takeaway
07004 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07004, NJ
How much do homes in 07004, NJ cost?
Median Sold Price
$720,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+11.6%)
Key Takeaway
Homes in 07004 have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in 07004 was $720,000 in October 2024, up 11.6% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $607.5K | $625K | +2.9% |
| 3 Bedrooms | $610K | $612.5K | 0.4% |
| 4 Bedrooms | $735.5K | $795K | +8.1% |
| 5+ Bedrooms | $1.0M | $999K | -4.8% |
Summary: 07004 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 07004, NJ
How many homes are available in 07004, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The 07004 real estate market had 22 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 07004 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07004, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07004 in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07004, NJ
We’re sorry, we don't have information for this market at the moment
