$9,488 Closing Credit*
$799,000
4 Beds
•2 Full Baths, 1 Partial
Giselle Ortega, Listing Office: Keller Williams Park Views
Is 07009, 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, 07009 has remained a Seller's Market.
Key Takeaway
07009 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07009, NJ
How much do homes in 07009, NJ cost?
Median Sold Price
$727,250
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,600(+9.7%)
Key Takeaway
Homes in 07009 have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in 07009 was $727,250 in October 2024, up 9.7% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $289K | N/A |
| 2 Bedrooms | $461.2K | $620.5K | +34.5% |
| 3 Bedrooms | $635K | $665K | +4.7% |
| 4 Bedrooms | $759.9K | $910.1K | +19.8% |
| 5+ Bedrooms | $805K | $1.1M | +42.9% |
Summary: 07009 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 34.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 42.9%.
Housing Supply in 07009, NJ
How many homes are available in 07009, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The 07009 real estate market had 38 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 07009 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07009, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 07009 in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for 07009, NJ
We’re sorry, we don't have information for this market at the moment
