$10,000 Closing Credit*
$1,500,000
5 Beds
•6 Full Baths, 2 Partial
Listing Office: DAVID REALTY GROUP LLC
Is 07090, 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, 07090 has remained a Seller's Market.
Key Takeaway
07090 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07090, NJ
How much do homes in 07090, NJ cost?
Median Sold Price
$1,177,000
$507/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$179,667(+18.0%)
Key Takeaway
Homes in 07090 have sold for 18% more than they did a year ago.
Summary: The median home sold price in 07090 was $1,177,000 in October 2024, up 18% from last year, and the median price per square foot was $507.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | - | N/A |
| 2 Bedrooms | $550K | $585K | +6.4% |
| 3 Bedrooms | $735K | $880K | +19.7% |
| 4 Bedrooms | $1.1M | $1.2M | +3.6% |
| 5+ Bedrooms | $1.6M | $1.7M | +3.3% |
Summary: 07090 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in 07090, NJ
How many homes are available in 07090, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 94 | -6.0% |
Summary: The 07090 real estate market had 94 homes for sale in October 2024, a 6.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 21 | 15 | -28.6% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 44 | 44 | 0.0% |
Summary: The 07090 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07090, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 07090 in October 2024, down by 20.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for 07090, NJ
We’re sorry, we don't have information for this market at the moment
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