$5,581 Closing Credit*
$469,999
3,539 SqFt
4 Beds
•3 Full Baths
Listing Office: THE THOMPSON REALTY GROUP
Is 07109, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07109 was a Seller's Market.
Key Takeaway
07109 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07109, NJ
How much do homes in 07109, NJ cost?
Median Sold Price
$460,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+12.2%)
Key Takeaway
Homes in 07109 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 07109 was $460,000 in October 2024, up 12.2% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | $218K | +26.0% |
| 2 Bedrooms | $336.1K | $345.5K | +2.8% |
| 3 Bedrooms | $450K | $490K | +8.9% |
| 4 Bedrooms | $472.5K | $537.5K | +13.8% |
| 5+ Bedrooms | $471K | $530K | +12.5% |
Summary: 07109 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 12.5%.
Housing Supply in 07109, NJ
How many homes are available in 07109, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 124 | +10.7% |
Summary: The 07109 real estate market had 124 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 25 | 30 | +20.0% |
| 3 Bedrooms | 40 | 43 | +7.5% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The 07109 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07109, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 07109 in October 2024, up by 25.0% month-over-month. Of the 20 sold homes, 20% were sold under asking, 15% were sold at asking, and 65% were sold over asking.
Days on Market for 07109, NJ
We’re sorry, we don't have information for this market at the moment
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.
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