$5,332 Closing Credit*
$449,000
3 Beds
•1 Full Bath
Listing Office: REALTY EXECUTIVES EXCEPTIONAL
Is 07034, 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, 07034 has remained a Seller's Market.
Key Takeaway
07034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07034, NJ
How much do homes in 07034, NJ cost?
Median Sold Price
$507,525
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$127,025(+33.4%)
Key Takeaway
Homes in 07034 have sold for 33.4% more than they did a year ago.
Summary: The median home sold price in 07034 was $507,525 in November 2024, up 33.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $227.5K | +11.0% |
| 2 Bedrooms | $309.9K | $360K | +16.1% |
| 3 Bedrooms | $416.5K | $482.5K | +15.8% |
| 4 Bedrooms | $455K | $650K | +42.8% |
| 5+ Bedrooms | $742.4K | $707.5K | -4.7% |
Summary: 07034 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 42.8%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 07034, NJ
How many homes are available in 07034, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The 07034 real estate market had 28 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 07034 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07034, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07034 in November 2024, the same as the previous month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07034, NJ
We’re sorry, we don't have information for this market at the moment
