$9,499 Closing Credit*
$799,900
6 Beds
•4 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is 07076, 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, 07076 has remained a Seller's Market.
Key Takeaway
07076 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07076, NJ
How much do homes in 07076, NJ cost?
Median Sold Price
$765,000
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$58,000(+8.2%)
Key Takeaway
Homes in 07076 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 07076 was $765,000 in October 2024, up 8.2% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $370K | +31.2% |
| 2 Bedrooms | $442K | $497.5K | +12.6% |
| 3 Bedrooms | $582.5K | $650K | +11.6% |
| 4 Bedrooms | $737.5K | $835K | +13.2% |
| 5+ Bedrooms | $1.2M | $1.2M | -0.5% |
Summary: 07076 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.2%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in 07076, NJ
How many homes are available in 07076, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 76 | +26.7% |
Summary: The 07076 real estate market had 76 homes for sale in October 2024, a 26.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 11 | 23 | +109.1% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The 07076 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 20%, 3 bedroom homes increased by 109.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07076, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 07076 in October 2024, down by 26.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for 07076, NJ
We’re sorry, we don't have information for this market at the moment
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