Housing Prices in 07071, NJ

How much do homes in 07071, NJ cost?

Median List Price

$542,000

$406/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$42,050(+8.4%)

Key Takeaway

The list price of homes in 07071 has increased by 8.4% since last year.

Summary: The median home list price in 07071 was $542,000 in October 2024, up 8.4% from the previous year, and the median price per square foot was $406.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$309.9K
N/A
2 $449.9K$485K
+7.8%
3 $489.4K$549K
+12.2%
4 $599.9K$662K
+10.4%
5+ $674.9K$995K
+47.4%

Summary: 07071 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 7.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 47.4%.

Median List Price Compared To Nearby Zip Codes

07070
+41.7%
07031
+18.5%
07014
+13.9%
07071
+8.4%
07073
+7.6%

Housing Supply in 07071, NJ

How many homes are available in 07071, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2428+16.7%

Summary: The 07071 real estate market had 28 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 33
0.0%
3 1113
+18.2%
4 36
+100.0%
5+ 44
0.0%

Summary: The 07071 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Days on Market for 07071, NJ

How long does it take to sell a home in 07071, NJ?

Average Listing Age

Oct 2023Oct 2024CHANGE
93 Days86 Days-7.4%

Summary: Homes in 07071 had an average listing age of 86 days in Oct 2024, down by 7.4% compared to the previous year.

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

Report Updated 20 Days Ago

Newest Listings in 07071, NJ

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