$6,472 Closing Credit*
$545,000
3 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS TOWNE SQUARE REAL
Is 07059, 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, 07059 has remained a Seller's Market.
Key Takeaway
07059 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07059, NJ
How much do homes in 07059, NJ cost?
Median Sold Price
$1,167,500
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$128,000(+12.3%)
Key Takeaway
Homes in 07059 have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in 07059 was $1,167,500 in November 2024, up 12.3% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $631K | +45.1% |
| 3 Bedrooms | $699.5K | $972.5K | +39.0% |
| 4 Bedrooms | $885K | $995K | +12.4% |
| 5+ Bedrooms | $1.4M | $1.6M | +12.8% |
Summary: 07059 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.1%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Zip Codes
| 07059 | $1.0M | $1.1M | +12.3% |
| 08836 | $715K | $792K | +10.8% |
| 07920 | $753.3K | $816K | +8.3% |
Housing Supply in 07059, NJ
How many homes are available in 07059, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 57 | -8.1% |
Summary: The 07059 real estate market had 57 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The 07059 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07059, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 07059 in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for 07059, NJ
How long does it take to sell a home in 07059, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07059 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 07059; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
