$9,500 Closing Credit*
$800,000
5 Baths
John Haydu, Listing Office: Keller Williams Realty - NJ Metro Group
Is 07021, 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, 07021 has remained a Seller's Market.
Key Takeaway
07021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07021, NJ
How much do homes in 07021, NJ cost?
Median Sold Price
$1,310,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$235,000(+21.9%)
Key Takeaway
Homes in 07021 have sold for 21.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $525K | $601K | +14.5% |
| 3 Bedrooms | $857K | $1.1M | +32.4% |
| 4 Bedrooms | $940K | $1.3M | +43.6% |
| 5+ Bedrooms | $1.4M | $1.4M | +2.1% |
Summary: 07021 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 14.5%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 43.6%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 07021, NJ
How many homes are available in 07021, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The 07021 real estate market had 9 homes for sale in November 2024, a 25.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 07021 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07021, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 07021 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07021, NJ
We’re sorry, we don't have information for this market at the moment
