$5,461 Closing Credit*
$459,900
4 Beds
•2 Full Baths
Paola Barros, Listing Office: EXP Realty, LLC
Is 07106, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 07106 was a Seller's Market.
Key Takeaway
07106 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07106, NJ
How much do homes in 07106, NJ cost?
Median Sold Price
$421,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$37,500(+9.8%)
Key Takeaway
Homes in 07106 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 07106 was $421,000 in December 2024, up 9.8% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | - | N/A |
| 2 Bedrooms | $325K | $259K | -20.3% |
| 3 Bedrooms | $362.5K | $397.5K | +9.7% |
| 4 Bedrooms | $415K | $460K | +10.8% |
| 5+ Bedrooms | $425K | $460K | +8.2% |
Summary: 07106 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in 07106, NJ
How many homes are available in 07106, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 80 | 80 | 0.0% |
Summary: The 07106 real estate market had 80 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 46 | 45 | -2.2% |
Summary: The 07106 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 2.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07106, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07106 in December 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for 07106, NJ
We’re sorry, we don't have information for this market at the moment
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