$10,000 Closing Credit*
$1,915,000
5 Beds
•3 Full Baths, 2 Partial
Listing Office: COMPASS NEW JERSEY, LLC
Is 07046, 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, 07046 has remained a Seller's Market.
Key Takeaway
07046 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07046, NJ
How much do homes in 07046, NJ cost?
Median Sold Price
$1,100,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$146,500(+15.4%)
Key Takeaway
Homes in 07046 have sold for 15.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $610K | $595K | -2.5% |
| 3 Bedrooms | $780K | $824K | +5.6% |
| 4 Bedrooms | $1.0M | $875K | -18.2% |
| 5+ Bedrooms | $1.2M | $1.4M | +15.2% |
Summary: 07046 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 decreased by 2.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 15.2%.
Housing Supply in 07046, NJ
How many homes are available in 07046, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The 07046 real estate market had 15 homes for sale in October 2024, a 6.3% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The 07046 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 200%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07046, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 07046 in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 07046, NJ
We’re sorry, we don't have information for this market at the moment
