$9,797 Closing Credit*
$825,000
8 Beds
•4 Full Baths
Listing Office: BHHS FOX & ROACH
Is 07018, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07018 was a Seller's Market.
Key Takeaway
07018 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07018, NJ
How much do homes in 07018, NJ cost?
Median Sold Price
$380,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,500(+1.5%)
Key Takeaway
Homes in 07018 have sold for 1.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.7K | $192.5K | +31.2% |
| 2 Bedrooms | $195K | $256K | +31.3% |
| 3 Bedrooms | $357.5K | $380K | +6.3% |
| 4 Bedrooms | $445K | $460K | +3.4% |
| 5+ Bedrooms | $397K | $440K | +10.8% |
Summary: 07018 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.2%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 10.8%.
Housing Supply in 07018, NJ
How many homes are available in 07018, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 62 | +12.7% |
Summary: The 07018 real estate market had 62 homes for sale in October 2024, a 12.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The 07018 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07018, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 07018 in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07018, NJ
We’re sorry, we don't have information for this market at the moment
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