$10,000 Closing Credit*
$1,700,000
5,483 SqFt
4 Beds
•4 Full Baths, 1 Partial
Nikita Mamontov, Listing Office: Roman Balandin Realty LLC
Is 07069, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 07069 has remained a Seller's Market.
Key Takeaway
07069 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07069, NJ
How much do homes in 07069, NJ cost?
Median Sold Price
$999,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$174,000(+21.1%)
Key Takeaway
Homes in 07069 have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in 07069 was $999,000 in October 2024, up 21.1% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $749.9K | +15.4% |
| 3 Bedrooms | $650K | $800K | +23.1% |
| 4 Bedrooms | $925.5K | $990.7K | +7.1% |
| 5+ Bedrooms | $1.2M | $1.2M | 0.4% |
Summary: 07069 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 increased by 15.4%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 07069, NJ
How many homes are available in 07069, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The 07069 real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 07069 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07069, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 07069 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 07069, NJ
We’re sorry, we don't have information for this market at the moment
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