$6,769 Closing Credit*
$570,000
1,506 SqFt
4 Beds
•3 Full Baths
Listing Office: BH HOMESERVICES FOX & ROACH
Is 07063, 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, 07063 has remained a Seller's Market.
Key Takeaway
07063 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07063, NJ
How much do homes in 07063, NJ cost?
Median Sold Price
$440,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,500(+4.1%)
Key Takeaway
Homes in 07063 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 07063 was $440,000 in November 2024, up 4.1% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $340K | $295K | -13.2% |
| 3 Bedrooms | $412.5K | $435K | +5.5% |
| 4 Bedrooms | $470K | $497.4K | +5.9% |
| 5+ Bedrooms | $500K | $585K | +17.0% |
Summary: 07063 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 decreased by 13.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 17%.
Housing Supply in 07063, NJ
How many homes are available in 07063, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The 07063 real estate market had 38 homes for sale in November 2024, a 11.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 07063 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07063, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 07063 in November 2024, up by 150.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for 07063, NJ
We’re sorry, we don't have information for this market at the moment
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 November 2024, 10 homes were sold in 07063; 10% 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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