$7,113 Closing Credit*
$599,000
3 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
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
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.