$6,234 Closing Credit*
$525,000
2 Beds
•2 Full Baths
Jeffrey S. Lattimer, Listing Office: Lattimer Realty
Is 07006, 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, 07006 has remained a Seller's Market.
Key Takeaway
07006 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07006, NJ
How much do homes in 07006, NJ cost?
Median Sold Price
$736,333
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$101,333(+16.0%)
Key Takeaway
Homes in 07006 have sold for 16% more than they did a year ago.
Summary: The median home sold price in 07006 was $736,333 in October 2024, up 16% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $275K | +7.8% |
| 2 Bedrooms | $495K | $490K | -1.0% |
| 3 Bedrooms | $605K | $675K | +11.6% |
| 4 Bedrooms | $721.5K | $875K | +21.3% |
| 5+ Bedrooms | $1.0M | $1.2M | +11.6% |
Summary: 07006 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in 07006, NJ
How many homes are available in 07006, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 82 | +9.3% |
Summary: The 07006 real estate market had 82 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 31 | 29 | -6.5% |
| 5+ Bedrooms | 16 | 26 | +62.5% |
Summary: The 07006 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07006, you could pay more than the asking price. 86.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 07006 in October 2024, down by 28.6% month-over-month. Of the 15 sold homes, 13% were sold under asking, 0% were sold at asking, and 87% were sold over asking.
Days on Market for 07006, NJ
We’re sorry, we don't have information for this market at the moment
