$10,000 Closing Credit*
$999,999
4 Beds
•3 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is 07039, 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, 07039 has remained a Seller's Market.
Key Takeaway
07039 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07039, NJ
How much do homes in 07039, NJ cost?
Median Sold Price
$998,000
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$114,370(+12.9%)
Key Takeaway
Homes in 07039 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 07039 was $998,000 in October 2024, up 12.9% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $594.5K | $615K | +3.4% |
| 3 Bedrooms | $675K | $765K | +13.3% |
| 4 Bedrooms | $890.8K | $990K | +11.1% |
| 5+ Bedrooms | $1.4M | $1.7M | +14.9% |
Summary: 07039 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 14.9%.
Housing Supply in 07039, NJ
How many homes are available in 07039, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 136 | +30.8% |
Summary: The 07039 real estate market had 136 homes for sale in October 2024, a 30.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 45 | 68 | +51.1% |
Summary: The 07039 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 increased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 51.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07039, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 07039 in October 2024, up by 13.0% month-over-month. Of the 26 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for 07039, NJ
How long does it take to sell a home in 07039, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07039 has remained consistent over time.
Summary: During October 2024, 26 homes were sold in 07039; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
