$4,156 Closing Credit*
$350,000
905 SqFt
1 Bed
•1 Full Bath
Listing Office: UNITED REAL ESTATE
Is 07043, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07043 was a Buyer's Market.
Key Takeaway
07043 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07043, NJ
How much do homes in 07043, NJ cost?
Median Sold Price
$1,412,067
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$81,808(+6.1%)
Key Takeaway
Homes in 07043 have sold for 6.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $345.5K | +15.2% |
| 2 Bedrooms | $512K | $536K | +4.7% |
| 3 Bedrooms | $830K | $960K | +15.7% |
| 4 Bedrooms | $1.2M | $1.3M | +7.8% |
| 5+ Bedrooms | $1.6M | $1.6M | +4.5% |
Summary: 07043 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 07043, NJ
How many homes are available in 07043, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The 07043 real estate market had 36 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 07043 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07043, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07043 in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07043, NJ
We’re sorry, we don't have information for this market at the moment
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