$10,000 Closing Credit*
$950,000
3 Beds
•1 Full Bath
Kasia Nowakowska, Listing Office: United Real Estate
Is 07072, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07072 was a Seller's Market.
Key Takeaway
07072 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07072, NJ
How much do homes in 07072, NJ cost?
Median Sold Price
$577,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,000(+7.9%)
Key Takeaway
Homes in 07072 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 07072 was $577,000 in November 2024, up 7.9% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $471K | N/A |
| 3 Bedrooms | $455K | $605K | +33.0% |
| 4 Bedrooms | $630K | - | N/A |
| 5+ Bedrooms | $692K | - | N/A |
Summary: 07072 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 did not change, 3 bedroom homes increased by 33%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07072 | $535K | $577K | +7.9% |
| 07075 | $620K | $665K | +7.3% |
Housing Supply in 07072, NJ
How many homes are available in 07072, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The 07072 real estate market had 9 homes for sale in November 2024, a 28.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 07072 housing inventory by bedroom type for November 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07072, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 07072 in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 07072, NJ
How long does it take to sell a home in 07072, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07072 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 07072; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
