$5,937 Closing Credit*
$499,999
1 Bed
•1 Full Bath
Stephen Braconi, Listing Office: Christies International Real Estate Group-Franklin Lakes
Is 07082, 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, 07082 has remained a Neutral Market.
Key Takeaway
07082 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07082, NJ
How much do homes in 07082, NJ cost?
Median Sold Price
$795,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+6.0%)
Key Takeaway
Homes in 07082 have sold for 6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $322K | +19.3% |
| 2 Bedrooms | $524K | $500K | -4.6% |
| 3 Bedrooms | $631K | $631K | 0.0% |
| 4 Bedrooms | $905K | $855K | -5.5% |
| 5+ Bedrooms | $1.1M | $1.3M | +13.5% |
Summary: 07082 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 07082, NJ
How many homes are available in 07082, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The 07082 real estate market had 19 homes for sale in November 2024, a 26.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 07082 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07082, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 07082 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07082, NJ
We’re sorry, we don't have information for this market at the moment
