$6,293 Closing Credit*
$529,900
6 Beds
•3 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
Is 07108, 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, 07108 has remained a Buyer's Market.
Key Takeaway
07108 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07108, NJ
How much do homes in 07108, NJ cost?
Median Sold Price
$479,500
-
Based on all homes sold in December 2024.
Difference Since Last Month
+$19,500(+4.2%)
Key Takeaway
Homes in 07108 have sold for 4.2% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $420K | N/A |
| 4 Bedrooms | $510K | - | N/A |
| 5+ Bedrooms | $410K | $617K | +50.5% |
Summary: 07108 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 50.5%.
Housing Supply in 07108, NJ
How many homes are available in 07108, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 91 | 102 | +12.1% |
Summary: The 07108 real estate market had 102 homes for sale in December 2024, a 12.1% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 75 | 85 | +13.3% |
Summary: The 07108 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 increased by 30%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07108, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 07108 in December 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 07108, NJ
How long does it take to sell a home in 07108, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07108 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in 07108; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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