$10,000 Closing Credit*
$1,695,000
5 Beds
•3 Full Baths, 2 Partial
Listing Office: COMPASS NEW JERSEY, LLC
Is 07041, 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, 07041 has remained a Seller's Market.
Key Takeaway
07041 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07041, NJ
How much do homes in 07041, NJ cost?
Median Sold Price
$1,175,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,000(+5.9%)
Key Takeaway
Homes in 07041 have sold for 5.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $303K | $347.5K | +14.7% |
| 2 Bedrooms | $422.5K | $430.5K | +1.9% |
| 3 Bedrooms | $995K | $999.5K | 0.5% |
| 4 Bedrooms | $1.2M | $1.3M | +4.4% |
| 5+ Bedrooms | $1.8M | $1.7M | -3.9% |
Summary: 07041 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in 07041, NJ
How many homes are available in 07041, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The 07041 real estate market had 19 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 07041 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07041, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 07041 in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 07041, NJ
We’re sorry, we don't have information for this market at the moment
