$2,900,000
1,961 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: CORCORAN SAWYER SMITH
Is 07030, 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, 07030 has remained a Seller's Market.
Key Takeaway
07030 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07030, NJ
How much do homes in 07030, NJ cost?
Median Sold Price
$887,500
$855/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,300(+5.3%)
Key Takeaway
Homes in 07030 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 07030 was $887,500 in November 2024, up 5.3% from last year, and the median price per square foot was $855.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $525K | $552K | +5.1% |
| 2 Bedrooms | $857.5K | $893K | +4.1% |
| 3 Bedrooms | $1.4M | $1.4M | -0.7% |
| 4 Bedrooms | $2.3M | $2.4M | +4.3% |
| 5+ Bedrooms | $2.3M | $2.6M | +17.2% |
Summary: 07030 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 17.2%.
Housing Supply in 07030, NJ
How many homes are available in 07030, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 196 | 148 | -24.5% |
Summary: The 07030 real estate market had 148 homes for sale in November 2024, a 24.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 65 | 45 | -30.8% |
| 2 Bedrooms | 66 | 55 | -16.7% |
| 3 Bedrooms | 41 | 27 | -34.1% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 07030 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 34.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 64 | +36.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07030, expect to pay close to the asking price. 35.3% of homes here sold near the asking price last month.
Summary: A total of 64 homes were sold or pending in 07030 in November 2024, up by 36.2% month-over-month. Of the 51 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for 07030, NJ
How long does it take to sell a home in 07030, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +10.3% |
Summary: Homes in 07030 had an average of 22 days on market in Nov 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07030 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 64 homes were sold in 07030; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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