$10,000 Closing Credit*
$975,000
5 Beds
•5 Full Baths
Listing Office: KELLER WILLIAMS REALTY
Is 07083, 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, 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
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,025(+7.8%)
Key Takeaway
Homes in 07083 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 07083 was $550,000 in November 2024, up 7.8% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $210K | +5.0% |
| 2 Bedrooms | $407.5K | $415.5K | +2.0% |
| 3 Bedrooms | $506.6K | $550K | +8.6% |
| 4 Bedrooms | $550K | $590K | +7.3% |
| 5+ Bedrooms | $586.5K | $710K | +21.1% |
Summary: 07083 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 21.1%.
Housing Supply in 07083, NJ
How many homes are available in 07083, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 142 | 144 | +1.4% |
Summary: The 07083 real estate market had 144 homes for sale in November 2024, a 1.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 67 | 63 | -6.0% |
| 4 Bedrooms | 44 | 43 | -2.3% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The 07083 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 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. 75% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 07083 in November 2024, down by 15.2% month-over-month. Of the 28 sold homes, 18% were sold under asking, 7% were sold at asking, and 75% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 161 Days | 19 Days | -88.2% |
Summary: Homes in 07083 had an average of 19 days on market in Nov 2024, down by 88.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07083 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 07083; 7% of homes were sold within 30 days, 0% 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 2024, 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 © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.