$7,124 Closing Credit*
$599,900
2 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is 07202, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 07202 was a Seller's Market.
Key Takeaway
07202 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07202, NJ
How much do homes in 07202, NJ cost?
Median Sold Price
$470,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$23,000(+5.1%)
Key Takeaway
Homes in 07202 have sold for 5.1% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | - | N/A |
| 3 Bedrooms | $502K | $450K | -10.4% |
| 4 Bedrooms | $494K | $490K | -0.8% |
| 5+ Bedrooms | $840K | - | N/A |
Summary: 07202 housing prices by bedroom type for October 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 decreased by 10.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07202 | $447K | $470K | +5.1% |
| 07208 | $585K | $405K | -30.8% |
Housing Supply in 07202, NJ
How many homes are available in 07202, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 61 | +10.9% |
Summary: The 07202 real estate market had 61 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 19 | 28 | +47.4% |
Summary: The 07202 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 47.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07202, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07202 in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 07202, 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.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.