$6,530 Closing Credit*
$549,900
2 Beds
•2 Full Baths
Suselle Salermo, Listing Office: RE/MAX First Realty II
Is 07109, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 07109 has remained a Seller's Market.
Key Takeaway
07109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07109, NJ
How much do homes in 07109, NJ cost?
Median Sold Price
$465,000
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,250(+12.4%)
Key Takeaway
Homes in 07109 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 07109 was $465,000 in November 2024, up 12.4% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $218K | +24.6% |
| 2 Bedrooms | $325K | $365K | +12.3% |
| 3 Bedrooms | $455K | $495K | +8.8% |
| 4 Bedrooms | $475K | $537.5K | +13.2% |
| 5+ Bedrooms | $465.5K | $575K | +23.5% |
Summary: 07109 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 23.5%.
Housing Supply in 07109, NJ
How many homes are available in 07109, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 117 | 121 | +3.4% |
Summary: The 07109 real estate market had 121 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 27 | 23 | -14.8% |
| 3 Bedrooms | 42 | 39 | -7.1% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 07109 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07109, you could pay more than the asking price. 73.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 07109 in November 2024, the same as the previous month. Of the 23 sold homes, 13% were sold under asking, 13% were sold at asking, and 74% were sold over asking.
Days on Market for 07109, NJ
How long does it take to sell a home in 07109, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07109 has remained consistent over time.
Summary: During November 2024, 23 homes were sold in 07109; 0% of homes were sold within 30 days, 9% 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 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.
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 2024, 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.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.