$6,530 Closing Credit*
$549,900
3 Beds
•1 Full Bath, 1 Partial
Listing Office: KELLER WILLIAMS REALTY
Is 07080, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 07080 has remained a Seller's Market.
Key Takeaway
07080 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07080, NJ
How much do homes in 07080, NJ cost?
Median Sold Price
$528,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$67,766(+14.7%)
Key Takeaway
Homes in 07080 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 07080 was $528,000 in November 2024, up 14.7% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | - | N/A |
| 2 Bedrooms | $375K | $407K | +8.5% |
| 3 Bedrooms | $455K | $501.5K | +10.2% |
| 4 Bedrooms | $530K | $617.5K | +16.5% |
| 5+ Bedrooms | $757.8K | $700K | -7.6% |
Summary: 07080 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 increased by 8.5%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 07080, NJ
How many homes are available in 07080, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 85 | +9.0% |
Summary: The 07080 real estate market had 85 homes for sale in November 2024, a 9.0% 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 | 11 | 7 | -36.4% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 07080 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 decreased by 36.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07080, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 07080 in November 2024, the same as the previous month. Of the 16 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 07080, NJ
How long does it take to sell a home in 07080, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 39 Days | +67.6% |
Summary: Homes in 07080 had an average of 39 days on market in Nov 2024, up by 67.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 07080 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 07080; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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