Housing Prices in 07024, NJ

How much do homes in 07024, NJ cost?

Median List Price

$479,000

$395/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$120,000(+33.4%)

Key Takeaway

The list price of homes in 07024 has increased by 33.4% since last year.

Summary: The median home list price in 07024 was $479,000 in November 2024, up 33.4% from the previous year, and the median price per square foot was $395.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $258K$249.9K
-3.1%
2 $349K$379K
+8.6%
3 $699.9K$1.1M
+59.5%
4 $674.5K$1.2M
+91.1%
5+ $1.1M$2.2M
+94.0%

Summary: 07024 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 59.5%, 4 bedroom homes increased by 91.1%, and 5+ bedroom homes increased by 94%.

Median List Price Compared To Nearby Zip Codes

07024
+33.4%
07020
+10.1%
07605
+8.2%
10033
-6.1%

Housing Supply in 07024, NJ

How many homes are available in 07024, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
85120+41.2%

Summary: The 07024 real estate market had 120 homes for sale in November 2024, a 41.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2933
+13.8%
2 1833
+83.3%
3 2329
+26.1%
4 815
+87.5%
5+ 710
+42.9%

Summary: The 07024 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 83.3%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 42.9%.

Days on Market for 07024, NJ

How long does it take to sell a home in 07024, NJ?

Average Listing Age

Nov 2023Nov 2024CHANGE
237 Days73 Days-68.9%

Summary: Homes in 07024 had an average listing age of 73 days in Nov 2024, down by 68.9% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 07024, NJ

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