$7,422 Closing Credit*
$625,000
6 Beds
•2 Full Baths
Listing Office: UNITED REAL ESTATE
Is 07050, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 07050 was a Seller's Market.
Key Takeaway
07050 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07050, NJ
How much do homes in 07050, NJ cost?
Median Sold Price
$451,800
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$65,300(+16.9%)
Key Takeaway
Homes in 07050 have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in 07050 was $451,800 in December 2024, up 16.9% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $231K | N/A |
| 2 Bedrooms | $277.5K | $302K | +8.8% |
| 3 Bedrooms | $340K | $435K | +27.9% |
| 4 Bedrooms | $480K | $543K | +13.1% |
| 5+ Bedrooms | $545K | $584K | +7.2% |
Summary: 07050 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 27.9%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 07050, NJ
How many homes are available in 07050, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 90 | 99 | +10.0% |
Summary: The 07050 real estate market had 99 homes for sale in December 2024, a 10.0% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 37 | 43 | +16.2% |
Summary: The 07050 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 16.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07050, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 07050 in December 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for 07050, NJ
How long does it take to sell a home in 07050, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 8 Days | 76 Days | +856.3% |
Summary: Homes in 07050 had an average of 76 days on market in Dec 2024, up by 856.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07050 has remained consistent over time.
Summary: During December 2024, 11 homes were sold in 07050; 0% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.