$4,630 Closing Credit*
$389,900
2 Beds
•1 Full Bath, 1 Partial
Listing Office: DEFINO & CO
Is 07035, 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, 07035 was a Seller's Market.
Key Takeaway
07035 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 07035, NJ
How much do homes in 07035, NJ cost?
Median Sold Price
$475,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,000(+8.2%)
Key Takeaway
Homes in 07035 have sold for 8.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.2K | $322K | +12.1% |
| 2 Bedrooms | $394.2K | $425K | +7.8% |
| 3 Bedrooms | $490K | $499K | +1.8% |
| 4 Bedrooms | $500K | $550K | +10.0% |
| 5+ Bedrooms | $645K | $751K | +16.4% |
Summary: 07035 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in 07035, NJ
How many homes are available in 07035, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The 07035 real estate market had 34 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 | 1 | 4 | +300.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 07035 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07035, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 07035 in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07035, NJ
We’re sorry, we don't have information for this market at the moment
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.