$6,234 Closing Credit*
$524,999
4 Beds
•2 Full Baths
Listing Office: LIFESTYLE INTERNATIONAL REALTY
Is 07083, 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, 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
$550,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+8.9%)
Key Takeaway
Homes in 07083 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 07083 was $550,000 in October 2024, up 8.9% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $210K | +5.0% |
| 2 Bedrooms | $400K | $415.5K | +3.9% |
| 3 Bedrooms | $500K | $540K | +8.0% |
| 4 Bedrooms | $550K | $590K | +7.3% |
| 5+ Bedrooms | $598K | $720K | +20.4% |
Summary: 07083 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in 07083, NJ
How many homes are available in 07083, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 143 | 152 | +6.3% |
Summary: The 07083 real estate market had 152 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 21 | 16 | -23.8% |
| 3 Bedrooms | 67 | 68 | +1.5% |
| 4 Bedrooms | 37 | 49 | +32.4% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The 07083 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07083, you could pay more than the asking price. 71% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 07083 in October 2024, down by 3.1% month-over-month. Of the 31 sold homes, 19% were sold under asking, 10% were sold at asking, and 71% were sold over asking.
Days on Market for 07083, NJ
We’re sorry, we don't have information for this market at the moment
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Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.