$7,125 Closing Credit*
$600,000
6 Beds
•4 Full Baths, 2 Partial
Listing Office: LARA REALTY CORP
Is 07103, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 07103 has remained a Buyer's Market.
Key Takeaway
07103 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07103, NJ
How much do homes in 07103, NJ cost?
Median Sold Price
$360,000
$214/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$15,000(-4.0%)
Key Takeaway
Homes in 07103 have sold for 4% less than they did a month ago.
Summary: The median home sold price in 07103 was $360,000 in December 2024, down 4% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $265K | +6.0% |
| 2 Bedrooms | - | $328K | N/A |
| 3 Bedrooms | $390K | $377.5K | -3.2% |
| 4 Bedrooms | - | $360K | N/A |
| 5+ Bedrooms | $375K | - | N/A |
Summary: 07103 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 07103, NJ
How many homes are available in 07103, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 98 | 111 | +13.3% |
Summary: The 07103 real estate market had 111 homes for sale in December 2024, a 13.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 57 | 66 | +15.8% |
Summary: The 07103 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07103, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 07103 in December 2024, up by 80.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for 07103, NJ
How long does it take to sell a home in 07103, NJ?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 Days | 42 Days | +600.0% |
Summary: Homes in 07103 had an average of 42 days on market in Dec 2024, up by 600% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07103 has remained consistent over time.
Summary: During December 2024, 9 homes were sold in 07103; 0% of homes were sold within 30 days, 11% 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 2025, 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.