$7,113 Closing Credit*
$599,000
8 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS PARK VIEWS
Is 07112, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 07112 has remained a Buyer's Market.
Key Takeaway
07112 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07112, NJ
How much do homes in 07112, NJ cost?
Median Sold Price
$545,000
-
Based on all homes sold in December 2024.
Difference Since Last Month
+$37,500(+7.4%)
Key Takeaway
Homes in 07112 have sold for 7.4% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $485K | $485K | 0.0% |
| 5+ Bedrooms | $557.5K | $585K | +4.9% |
Summary: 07112 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Zip Codes
| 07112 | $507.5K | $545K | +7.4% |
| 07108 | $460K | $479.5K | +4.2% |
Housing Supply in 07112, NJ
How many homes are available in 07112, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 75 | 85 | +13.3% |
Summary: The 07112 real estate market had 85 homes for sale in December 2024, a 13.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 47 | 58 | +23.4% |
Summary: The 07112 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 23.4%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07112, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 07112 in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07112, NJ
We’re sorry, we don't have information for this market at the moment
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