$5,700 Closing Credit*
$479,999
964 SqFt
2 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS CITY LIFE REALTY
Is 07020, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 07020 has remained a Buyer's Market.
Key Takeaway
07020 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07020, NJ
How much do homes in 07020, NJ cost?
Median Sold Price
$775,000
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$78,000(+11.2%)
Key Takeaway
Homes in 07020 have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in 07020 was $775,000 in November 2024, up 11.2% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $390K | +2.6% |
| 2 Bedrooms | $617.5K | $625.8K | +1.4% |
| 3 Bedrooms | $1.1M | $1.2M | +6.5% |
| 4 Bedrooms | $1.2M | $1.7M | +37.3% |
| 5+ Bedrooms | $914.5K | $1.2M | +36.7% |
Summary: 07020 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes increased by 36.7%.
Median Sold Price Compared To Nearby Zip Codes
| 10027 | $942K | $1.0M | +14.1% |
| 07020 | $697K | $775K | +11.2% |
Housing Supply in 07020, NJ
How many homes are available in 07020, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 57 | +21.3% |
Summary: The 07020 real estate market had 57 homes for sale in November 2024, a 21.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 10 | +66.7% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 07020 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07020, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 07020 in November 2024, up by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 07020, NJ
How long does it take to sell a home in 07020, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 47 Days | +98.6% |
Summary: Homes in 07020 had an average of 47 days on market in Nov 2024, up by 98.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07020 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 07020; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.