$6,175 Closing Credit*
$520,000
2 Beds
•2 Full Baths
Gloria Falzer, Listing Office: Village Square Realtors
Is 07014, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07014 was a Seller's Market.
Key Takeaway
07014 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 07014, NJ
How much do homes in 07014, NJ cost?
Median Sold Price
$540,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$75,000(+16.1%)
Key Takeaway
Homes in 07014 have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in 07014 was $540,000 in November 2024, up 16.1% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | - | N/A |
| 2 Bedrooms | $414.4K | $468.5K | +13.1% |
| 3 Bedrooms | $490K | $570K | +16.3% |
| 4 Bedrooms | $615K | $577.5K | -6.1% |
| 5+ Bedrooms | $802K | $900K | +12.2% |
Summary: 07014 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 13.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Zip Codes
| 07012 | $500K | $588K | +17.6% |
| 07014 | $465K | $540K | +16.1% |
| 07110 | $536K | $621K | +15.9% |
Housing Supply in 07014, NJ
How many homes are available in 07014, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The 07014 real estate market had 26 homes for sale in November 2024, a 3.7% 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 07014 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 decreased by 9.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07014, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 07014 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07014, NJ
We’re sorry, we don't have information for this market at the moment
