Housing Prices in 07087, NJ

How much do homes in 07087, NJ cost?

Median List Price

$575,000

$378/sqft

Based on all homes listed in October 2024.

Difference Since Last Month

+$26,000(+4.7%)

Key Takeaway

The list price of homes in 07087 has increased by 4.7% since September.

Summary: The median home list price in 07087 was $575,000 in October 2024, up 4.7% from the previous month, and the median price per square foot was $378.

Median List Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $289.7K$289.7K
0.0%
2 $507K$490K
-3.4%
3 $549K$549K
0.0%
4 $579.4K$739.9K
+27.7%
5+ $949K$949K
0.0%

Summary: 07087 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

07086
+10.4%
07093
+4.9%
07087
+4.7%
07047
0%

Housing Supply in 07087, NJ

How many homes are available in 07087, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3049+63.3%

Summary: The 07087 real estate market had 49 homes for sale in October 2024, a 63.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 810
+25.0%
2 410
+150.0%
3 66
0.0%
4 27
+250.0%
5+ 1016
+60.0%

Summary: The 07087 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 150%, 3 bedroom homes remained the same, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 60%.

Days on Market for 07087, NJ

How long does it take to sell a home in 07087, NJ?

Average Listing Age

Sep 2024Oct 2024CHANGE
73 Days69 Days-6.4%

Summary: Homes in 07087 had an average listing age of 69 days in Oct 2024, down by 6.4% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 07087, NJ

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