$119,900
1.03 Acres
Land
Listing Office: FALLIVENE AGENCY INC.
Is 07006, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$760,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$130,000(+20.6%)
Key Takeaway
Homes in 07006 have sold for 20.6% more than they did a year ago.
Summary: The median home sold price in 07006 was $760,000 in November 2024, up 20.6% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258K | $275K | +6.6% |
| 2 Bedrooms | $468K | $492.5K | +5.2% |
| 3 Bedrooms | $612.5K | $694.7K | +13.4% |
| 4 Bedrooms | $725K | $872.5K | +20.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.1% |
Summary: 07006 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in 07006, NJ
How many homes are available in 07006, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 76 | +1.3% |
Summary: The 07006 real estate market had 76 homes for sale in November 2024, a 1.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 29 | 27 | -6.9% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The 07006 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07006, you could pay more than the asking price. 86.4% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 07006 in November 2024, up by 46.7% month-over-month. Of the 22 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for 07006, NJ
We’re sorry, we don't have information for this market at the moment
