$3,028 Closing Credit*
$255,000
769 SqFt
2 Beds
•1 Full Bath
Listing Office: EXP REALTY, LLC
Is 07208, 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, 07208 has remained a Neutral Market.
Key Takeaway
07208 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07208, NJ
How much do homes in 07208, NJ cost?
Median Sold Price
$540,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$135,000(+33.3%)
Key Takeaway
Homes in 07208 have sold for 33.3% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $302.4K | $370K | +22.3% |
| 3 Bedrooms | $650K | $450K | -30.8% |
| 4 Bedrooms | $537.5K | $625K | +16.3% |
| 5+ Bedrooms | - | $685K | N/A |
Summary: 07208 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.3%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07208 | $405K | $540K | +33.3% |
| 07202 | $470K | $375K | -20.2% |
Housing Supply in 07208, NJ
How many homes are available in 07208, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Summary: The 07208 real estate market had 52 homes for sale in November 2024, a 8.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 07208 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07208, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 07208 in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07208, NJ
We’re sorry, we don't have information for this market at the moment
