$10,000 Closing Credit*
$1,100,000
12 Beds
•6 Full Baths
Listing Office: THE REAL ESTATE COMPANY
Is 07111, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 07111 was a Seller's Market.
Key Takeaway
07111 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07111, NJ
How much do homes in 07111, NJ cost?
Median Sold Price
$390,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$44,000(+12.7%)
Key Takeaway
Homes in 07111 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 07111 was $390,000 in December 2024, up 12.7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | - | N/A |
| 2 Bedrooms | $295K | $300K | +1.7% |
| 3 Bedrooms | $345K | $365K | +5.8% |
| 4 Bedrooms | $382.5K | $420K | +9.8% |
| 5+ Bedrooms | $385K | $460K | +19.5% |
Summary: 07111 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 19.5%.
Housing Supply in 07111, NJ
How many homes are available in 07111, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 146 | 170 | +16.4% |
Summary: The 07111 real estate market had 170 homes for sale in December 2024, a 16.4% 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 | 14 | 15 | +7.1% |
| 3 Bedrooms | 43 | 46 | +7.0% |
| 4 Bedrooms | 29 | 35 | +20.7% |
| 5+ Bedrooms | 60 | 74 | +23.3% |
Summary: The 07111 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 increased by 7.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07111, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07111 in December 2024, down by 36.4% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 07111, 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 © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
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