$499,000
Land
Joseph Siano, Listing Office: JK Realty
Is 07014, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 07014 was a Buyer's Market.
Key Takeaway
07014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07014, NJ
How much do homes in 07014, NJ cost?
Median Sold Price
$545,500
$414/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$9,500(-1.7%)
Key Takeaway
Homes in 07014 have sold for 1.7% less than they did a month ago.
Summary: The median home sold price in 07014 was $545,500 in October 2024, down 1.7% from last month, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $540K | N/A |
| 3 Bedrooms | $555K | $564K | +1.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 07014 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 07014, NJ
How many homes are available in 07014, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The 07014 real estate market had 27 homes for sale in October 2024, a 17.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 07014 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07014, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07014 in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for 07014, NJ
How long does it take to sell a home in 07014, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07014 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 07014; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
