$10,000 Closing Credit*
$972,000
3 Beds
•3 Full Baths, 1 Partial
Listing Office: COOPER REAL ESTATE MNGMT. LLC
Is 07079, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07079 was a Seller's Market.
Key Takeaway
07079 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07079, NJ
How much do homes in 07079, NJ cost?
Median Sold Price
$995,000
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,000(+4.4%)
Key Takeaway
Homes in 07079 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 07079 was $995,000 in October 2024, up 4.4% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $221.5K | -1.6% |
| 2 Bedrooms | $370K | $587K | +58.6% |
| 3 Bedrooms | $595K | $770K | +29.4% |
| 4 Bedrooms | $912.5K | $950K | +4.1% |
| 5+ Bedrooms | $1.1M | $1.3M | +11.9% |
Summary: 07079 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 58.6%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in 07079, NJ
How many homes are available in 07079, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 62 | +10.7% |
Summary: The 07079 real estate market had 62 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 30 | 31 | +3.3% |
Summary: The 07079 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 3.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07079, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07079 in October 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for 07079, NJ
We’re sorry, we don't have information for this market at the moment
