$4,453 Closing Credit*
$375,000
1,080 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is 07035, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 07035 has remained a Seller's Market.
Key Takeaway
07035 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 October 2023
+$46,000(+10.7%)
Key Takeaway
Homes in 07035 have sold for 10.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $263.2K | $318.4K | +21.0% |
| 2 Bedrooms | $385K | $422.5K | +9.7% |
| 3 Bedrooms | $471.5K | $501.2K | +6.3% |
| 4 Bedrooms | $515K | $550K | +6.8% |
| 5+ Bedrooms | $645K | $751K | +16.4% |
Summary: 07035 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 6.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The 07035 real estate market had 34 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 07035 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07035, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 07035 in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.
Days on Market for 07035, NJ
We’re sorry, we don't have information for this market at the moment
