$7,005 Closing Credit*
$589,900
3 Beds
•2 Full Baths, 1 Partial
Jose Serans, Listing Office: Century 21 Semiao & Associates/Kearny
Is 07032, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07032 was a Seller's Market.
Key Takeaway
07032 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07032, NJ
How much do homes in 07032, NJ cost?
Median Sold Price
$540,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+22.7%)
Key Takeaway
Homes in 07032 have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in 07032 was $540,000 in November 2024, up 22.7% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $390K | $405K | +3.8% |
| 3 Bedrooms | $440K | $485K | +10.2% |
| 4 Bedrooms | $470K | $620K | +31.9% |
| 5+ Bedrooms | $700K | $775K | +10.7% |
Summary: 07032 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 3.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in 07032, NJ
How many homes are available in 07032, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 55 | +7.8% |
Summary: The 07032 real estate market had 55 homes for sale in November 2024, a 7.8% increase 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 07032 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 decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07032, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 07032 in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for 07032, NJ
How long does it take to sell a home in 07032, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 12 Days | +15.2% |
Summary: Homes in 07032 had an average of 12 days on market in Nov 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07032 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 07032; 38% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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