$8,301 Closing Credit*
$699,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: LATTIMER REALTY
Is 07004, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07004 was a Seller's Market.
Key Takeaway
07004 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07004, NJ
How much do homes in 07004, NJ cost?
Median Sold Price
$725,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+16.0%)
Key Takeaway
Homes in 07004 have sold for 16% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $607.5K | $625K | +2.9% |
| 3 Bedrooms | $610K | $612.5K | 0.4% |
| 4 Bedrooms | $736K | $795K | +8.0% |
| 5+ Bedrooms | $999K | $984.5K | -1.5% |
Summary: 07004 housing prices by bedroom type for November 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%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 07004, NJ
How many homes are available in 07004, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The 07004 real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 07004 housing inventory by bedroom type for November 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 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07004, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 07004 in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07004, NJ
We’re sorry, we don't have information for this market at the moment
