$7,101 Closing Credit*
$598,000
5 Beds
•3 Full Baths
Pedro Mota, Listing Office: New Direction Realty LLC
Housing Prices in 07107, NJ
How much do homes in 07107, NJ cost?
Median List Price
$450,000
$174/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$150,000(+50.0%)
Key Takeaway
The list price of homes in 07107 has increased by 50% since last year.
Summary: The median home list price in 07107 was $450,000 in October 2024, up 50% from the previous year, and the median price per square foot was $174.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $147.5K | -33.0% |
| 2 Bedrooms | $265K | $325K | +22.6% |
| 3 Bedrooms | $349.9K | $345K | -1.4% |
| 4 Bedrooms | $279.9K | $409K | +46.1% |
| 5+ Bedrooms | $380K | $593.5K | +56.2% |
Summary: 07107 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33%, 2 bedroom homes increased by 22.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 46.1%, and 5+ bedroom homes increased by 56.2%.
Housing Supply in 07107, NJ
How many homes are available in 07107, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 78 | +32.2% |
Summary: The 07107 real estate market had 78 homes for sale in October 2024, a 32.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 44 | 59 | +34.1% |
Summary: The 07107 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 34.1%.
Days on Market for 07107, NJ
How long does it take to sell a home in 07107, NJ?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 162 Days | 126 Days | -22.5% |
Summary: Homes in 07107 had an average listing age of 126 days in Oct 2024, down by 22.5% compared to the previous year.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.