Housing Prices in 07305, NJ

How much do homes in 07305, NJ cost?

Median List Price

$587,000

$408/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$160,000(+37.5%)

Key Takeaway

The list price of homes in 07305 has increased by 37.5% since last year.

Summary: The median home list price in 07305 was $587,000 in October 2024, up 37.5% from the previous year, and the median price per square foot was $408.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $325K$369.5K
+13.7%
2 $398.5K$449K
+12.7%
3 $502.4K$599.5K
+19.3%
4 $464.5K$565K
+21.6%
5+ $535K$750K
+40.2%

Summary: 07305 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 40.2%.

Median List Price Compared To Nearby Zip Codes

07305
+37.5%
07304
+36.7%
07032
+25.1%
07302
-4.5%

Housing Supply in 07305, NJ

How many homes are available in 07305, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4155+34.1%

Summary: The 07305 real estate market had 55 homes for sale in October 2024, a 34.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 35
+66.7%
2 79
+28.6%
3 47
+75.0%
4 79
+28.6%
5+ 2025
+25.0%

Summary: The 07305 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 25%.

Days on Market for 07305, NJ

How long does it take to sell a home in 07305, NJ?

Average Listing Age

Oct 2023Oct 2024CHANGE
167 Days66 Days-60.0%

Summary: Homes in 07305 had an average listing age of 66 days in Oct 2024, down by 60% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in 07305, NJ

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