$6,947 Closing Credit*
$585,000
1,620 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: RE/MAX FIRST REALTY II
Is 07063, 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, 07063 was a Seller's Market.
Key Takeaway
07063 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07063, NJ
How much do homes in 07063, NJ cost?
Median Sold Price
$445,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+6.0%)
Key Takeaway
Homes in 07063 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 07063 was $445,000 in October 2024, up 6% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $340K | $295K | -13.2% |
| 3 Bedrooms | $410K | $438.5K | +7.0% |
| 4 Bedrooms | $470K | $495K | +5.3% |
| 5+ Bedrooms | $500K | $570K | +14.0% |
Summary: 07063 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 13.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 14%.
Housing Supply in 07063, NJ
How many homes are available in 07063, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The 07063 real estate market had 39 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 07063 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 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07063, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in 07063 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07063, NJ
How long does it take to sell a home in 07063, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 12 Days | -66.7% |
Summary: Homes in 07063 had an average of 12 days on market in Oct 2024, down by 66.7% compared to last year.
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 07063 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 07063; 50% 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.
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