Housing Prices in 07108, NJ

How much do homes in 07108, NJ cost?

Median List Price

$595,500

$205/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$245,500(+70.1%)

Key Takeaway

The list price of homes in 07108 has increased by 70.1% since last year.

Summary: The median home list price in 07108 was $595,500 in October 2024, up 70.1% from the previous year, and the median price per square foot was $205.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $315K-
N/A
3 $299K$395K
+32.1%
4 $374.5K$359K
-4.1%
5+ $435K$649.9K
+49.4%

Summary: 07108 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 did not change, 3 bedroom homes increased by 32.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 49.4%.

Median List Price Compared To Nearby Zip Codes

07108
+70.1%
07103
+29.3%
07112
+25.3%
07111
+22.8%

Housing Supply in 07108, NJ

How many homes are available in 07108, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
82103+25.6%

Summary: The 07108 real estate market had 103 homes for sale in October 2024, a 25.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 910
+11.1%
5+ 6988
+27.5%

Summary: The 07108 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 27.5%.

Days on Market for 07108, NJ

How long does it take to sell a home in 07108, NJ?

Average Listing Age

Oct 2023Oct 2024CHANGE
150 Days116 Days-22.5%

Summary: Homes in 07108 had an average listing age of 116 days in Oct 2024, down by 22.5% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 07108, NJ

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