$6,519 Closing Credit*
$549,000
2 Beds
•2 Full Baths, 1 Partial
Craig Clinton, Listing Office: United Real Estate
Is 07110, 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, 07110 was a Seller's Market.
Key Takeaway
07110 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07110, NJ
How much do homes in 07110, NJ cost?
Median Sold Price
$611,388
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,388(+14.3%)
Key Takeaway
Homes in 07110 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 07110 was $611,388 in October 2024, up 14.3% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $235K | +16.0% |
| 2 Bedrooms | $492.5K | $505K | +2.5% |
| 3 Bedrooms | $520K | $606.2K | +16.6% |
| 4 Bedrooms | $662.5K | $735K | +10.9% |
| 5+ Bedrooms | $797.5K | $830K | +4.1% |
Summary: 07110 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 07110, NJ
How many homes are available in 07110, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 88 | +8.6% |
Summary: The 07110 real estate market had 88 homes for sale in October 2024, a 8.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 10 | 18 | +80.0% |
| 3 Bedrooms | 40 | 34 | -15.0% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The 07110 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 10 | -47.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07110, you could pay more than the asking price. 90% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 07110 in October 2024, down by 47.4% month-over-month. Of the 10 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% were sold over asking.
Days on Market for 07110, 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.