Is 07069, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07069 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $650K$749.9K
+15.4%
3 $650K$800K
+23.1%
4 $925.5K$990.7K
+7.1%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

07069
+21.1%
07060
+14.7%
07922
+12.7%
07062
+11.1%
07076
+8.2%

Housing Supply in 07069, NJ

How many homes are available in 07069, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3334+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 77
0.0%
4 1515
0.0%
5+ 1111
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 2024Oct 2024CHANGE
47+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

Asking vs Sold - buyer

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 07069, NJ

Nearby Markets to 07069, NJ