$6,827 Closing Credit*
$574,900
6 Beds
•1 Full Bath, 1 Partial
Listing Office: REALTY MARK CENTRAL
Is 07017, 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, 07017 has remained a Buyer's Market.
Key Takeaway
07017 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07017, NJ
How much do homes in 07017, NJ cost?
Median Sold Price
$445,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+15.6%)
Key Takeaway
Homes in 07017 have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in 07017 was $445,000 in October 2024, up 15.6% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $182.5K | +4.3% |
| 2 Bedrooms | $286K | $307.5K | +7.5% |
| 3 Bedrooms | $375K | $420K | +12.0% |
| 4 Bedrooms | $425K | $480K | +12.9% |
| 5+ Bedrooms | $438.5K | $502.5K | +14.6% |
Summary: 07017 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in 07017, NJ
How many homes are available in 07017, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 111 | +32.1% |
Summary: The 07017 real estate market had 111 homes for sale in October 2024, a 32.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 43 | 59 | +37.2% |
Summary: The 07017 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 increased by 21.4%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 37.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 13 | +550.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07017, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 07017 in October 2024, up by 550.0% month-over-month. Of the 13 sold homes, 8% were sold under asking, 15% were sold at asking, and 77% were sold over asking.
Days on Market for 07017, NJ
We’re sorry, we don't have information for this market at the moment
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