$10,000 Closing Credit*
$1,699,000
3,882 SqFt
6 Beds
•5 Full Baths, 2 Partial
Listing Office: SIGNATURE REALTY NJ
Is 07092, 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, 07092 has remained a Seller's Market.
Key Takeaway
07092 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07092, NJ
How much do homes in 07092, NJ cost?
Median Sold Price
$884,500
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,500(+3.6%)
Key Takeaway
Homes in 07092 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 07092 was $884,500 in November 2024, up 3.6% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $670K | $663.7K | -0.9% |
| 3 Bedrooms | $750K | $825K | +10.0% |
| 4 Bedrooms | $902.5K | $915K | +1.4% |
| 5+ Bedrooms | $990K | $990K | 0.0% |
Summary: 07092 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes did not change.
Housing Supply in 07092, NJ
How many homes are available in 07092, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The 07092 real estate market had 20 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 07092 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 36.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07092, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 07092 in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07092, NJ
We’re sorry, we don't have information for this market at the moment