$5,926 Closing Credit*
$499,000
3 Beds
•5 Full Baths, 1 Partial
Frank J. Borek, Listing Office: Century 21 Gemini Realty, Upper Montclair
Is 07083, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 07083 has remained a Seller's Market.
Key Takeaway
07083 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07083, NJ
How much do homes in 07083, NJ cost?
Median Sold Price
$550,333
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$35,333(+6.9%)
Key Takeaway
Homes in 07083 have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in 07083 was $550,333 in December 2024, up 6.9% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.9K | $210K | -3.6% |
| 2 Bedrooms | $400K | $420.5K | +5.1% |
| 3 Bedrooms | $515K | $550K | +6.8% |
| 4 Bedrooms | $553.5K | $593.5K | +7.2% |
| 5+ Bedrooms | $575K | $700K | +21.7% |
Summary: 07083 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in 07083, NJ
How many homes are available in 07083, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 133 | 125 | -6.0% |
Summary: The 07083 real estate market had 125 homes for sale in December 2024, a 6.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 61 | 58 | -4.9% |
| 4 Bedrooms | 38 | 36 | -5.3% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 07083 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07083, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 07083 in December 2024, down by 3.2% month-over-month. Of the 30 sold homes, 13% were sold under asking, 17% were sold at asking, and 70% were sold over asking.
Days on Market for 07083, NJ
How long does it take to sell a home in 07083, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 42 Days | 30 Days | -28.6% |
Summary: Homes in 07083 had an average of 30 days on market in Dec 2024, down by 28.6% compared to last year.
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 07083 has remained consistent over time.
Summary: During December 2024, 30 homes were sold in 07083; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.