$2,791 Closing Credit*
$235,000
1 Bed
•1 Full Bath
Phyllis Farrow, Listing Office: Realtyline
Is 07110, 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, 07110 has remained a Seller's Market.
Key Takeaway
07110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07110, NJ
How much do homes in 07110, NJ cost?
Median Sold Price
$621,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$85,000(+15.9%)
Key Takeaway
Homes in 07110 have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in 07110 was $621,000 in November 2024, up 15.9% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | $247K | +19.9% |
| 2 Bedrooms | $480K | $545K | +13.5% |
| 3 Bedrooms | $525K | $617.5K | +17.6% |
| 4 Bedrooms | $680K | $735K | +8.1% |
| 5+ Bedrooms | $785K | $836K | +6.5% |
Summary: 07110 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.9%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 07110, NJ
How many homes are available in 07110, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 95 | +10.5% |
Summary: The 07110 real estate market had 95 homes for sale in November 2024, a 10.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 35 | 35 | 0.0% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 07110 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07110, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 07110 in November 2024, up by 53.8% month-over-month. Of the 20 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 07110, NJ
How long does it take to sell a home in 07110, NJ?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07110 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 07110; 10% 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.
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.