$6,531 Closing Credit*
$550,000
4 Beds
•2 Full Baths, 1 Partial
Kevin Kinney, Listing Office: Compass New Jersey, LLC-Montclair
Is 07052, 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, 07052 was a Seller's Market.
Key Takeaway
07052 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07052, NJ
How much do homes in 07052, NJ cost?
Median Sold Price
$612,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+2.0%)
Key Takeaway
Homes in 07052 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 07052 was $612,000 in October 2024, up 2% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.9K | $312.5K | +35.9% |
| 2 Bedrooms | $440K | $480K | +9.1% |
| 3 Bedrooms | $563K | $585K | +3.9% |
| 4 Bedrooms | $682K | $720K | +5.6% |
| 5+ Bedrooms | $811K | $994.9K | +22.7% |
Summary: 07052 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.9%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 22.7%.
Housing Supply in 07052, NJ
How many homes are available in 07052, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 158 | 190 | +20.3% |
Summary: The 07052 real estate market had 190 homes for sale in October 2024, a 20.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 25 | 29 | +16.0% |
| 3 Bedrooms | 68 | 82 | +20.6% |
| 4 Bedrooms | 44 | 52 | +18.2% |
| 5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The 07052 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07052, you could pay more than the asking price. 81.5% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 07052 in October 2024, down by 18.2% month-over-month. Of the 27 sold homes, 15% were sold under asking, 4% were sold at asking, and 81% were sold over asking.
Days on Market for 07052, NJ
We’re sorry, we don't have information for this market at the moment
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 © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.