$8,894 Closing Credit*
$749,000
4 Beds
•3 Full Baths
Mahmoud Ijbara, Listing Office: Compass New Jersey, LLC
Is 07013, 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, 07013 has remained a Seller's Market.
Key Takeaway
07013 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07013, NJ
How much do homes in 07013, NJ cost?
Median Sold Price
$559,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,500(+6.6%)
Key Takeaway
Homes in 07013 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 07013 was $559,500 in October 2024, up 6.6% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $298K | +13.5% |
| 2 Bedrooms | $437.5K | $487.5K | +11.4% |
| 3 Bedrooms | $530K | $575K | +8.5% |
| 4 Bedrooms | $600K | $692.5K | +15.4% |
| 5+ Bedrooms | $654.5K | $855K | +30.6% |
Summary: 07013 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 30.6%.
Median Sold Price Compared To Nearby Zip Codes
| 07012 | $500K | $585K | +17.0% |
| 07011 | $450K | $525K | +16.7% |
| 07013 | $525K | $559.5K | +6.6% |
| 07043 | $1.3M | $1.4M | +6.1% |
Housing Supply in 07013, NJ
How many homes are available in 07013, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 112 | +21.7% |
Summary: The 07013 real estate market had 112 homes for sale in October 2024, a 21.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 10 | 19 | +90.0% |
| 3 Bedrooms | 38 | 35 | -7.9% |
| 4 Bedrooms | 32 | 43 | +34.4% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 07013 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 90%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07013, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 07013 in October 2024, up by 23.8% month-over-month. Of the 26 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% were sold over asking.
Days on Market for 07013, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
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