$5,641 Closing Credit*
$475,000
2 Beds
•1 Full Bath
Niren Sakaria, Listing Office: RE/MAX SELECT
Is 07012, 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, 07012 has remained a Seller's Market.
Key Takeaway
07012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07012, NJ
How much do homes in 07012, NJ cost?
Median Sold Price
$588,000
$392/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$88,000(+17.6%)
Key Takeaway
Homes in 07012 have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in 07012 was $588,000 in November 2024, up 17.6% from last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $460K | $520K | +13.0% |
| 3 Bedrooms | $505K | $578K | +14.5% |
| 4 Bedrooms | $530.5K | $620K | +16.9% |
| 5+ Bedrooms | $701K | $835K | +19.1% |
Summary: 07012 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 13%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 19.1%.
Housing Supply in 07012, NJ
How many homes are available in 07012, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The 07012 real estate market had 25 homes for sale in November 2024, a 7.4% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 07012 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 decreased by 27.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07012, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 07012 in November 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for 07012, NJ
We’re sorry, we don't have information for this market at the moment
