$5,936 Closing Credit*
$499,900
3 Beds
•1 Full Bath, 1 Partial
Pina Nazario, Listing Office: Coldwell Banker, Clifton
Is 07011, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07011 was a Seller's Market.
Key Takeaway
07011 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 07011, NJ
How much do homes in 07011, NJ cost?
Median Sold Price
$525,000
$482/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+16.7%)
Key Takeaway
Homes in 07011 have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in 07011 was $525,000 in October 2024, up 16.7% from last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193.7K | $231.5K | +19.5% |
| 2 Bedrooms | $370K | $428.7K | +15.9% |
| 3 Bedrooms | $469.5K | $535K | +14.0% |
| 4 Bedrooms | $470K | $549.9K | +17.0% |
| 5+ Bedrooms | $590K | $628.2K | +6.5% |
Summary: 07011 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Zip Codes
| 07011 | $450K | $525K | +16.7% |
| 07013 | $525K | $559.5K | +6.6% |
Housing Supply in 07011, NJ
How many homes are available in 07011, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 72 | +38.5% |
Summary: The 07011 real estate market had 72 homes for sale in October 2024, a 38.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 17 | 29 | +70.6% |
| 5+ Bedrooms | 9 | 15 | +66.7% |
Summary: The 07011 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 70.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07011, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 07011 in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for 07011, NJ
We’re sorry, we don't have information for this market at the moment
