$10,000 Closing Credit*
$999,999
2 Beds
•2 Full Baths
Jennifer L. Ellis, Listing Office: Coldwell Banker, Kinnelon/Butler
Is 07403, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 07403 has remained a Seller's Market.
Key Takeaway
07403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07403, NJ
How much do homes in 07403, NJ cost?
Median Sold Price
$490,500
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,000(+10.8%)
Key Takeaway
Homes in 07403 have sold for 10.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $340.1K | $463K | +36.1% |
| 3 Bedrooms | $450K | $491K | +9.1% |
| 4 Bedrooms | $467.5K | $543K | +16.1% |
| 5+ Bedrooms | $575K | $592.5K | +3.0% |
Summary: 07403 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Zip Codes
| 07420 | $405K | $450K | +11.1% |
| 07442 | $450K | $500K | +11.1% |
| 07403 | $442.5K | $490.5K | +10.8% |
| 07457 | $410K | $425K | +3.7% |
| 07465 | $469.9K | $464.9K | -1.1% |
Housing Supply in 07403, NJ
How many homes are available in 07403, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The 07403 real estate market had 32 homes for sale in November 2024, a 23.1% 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 | 7 | -12.5% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 07403 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 12.5%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07403, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07403 in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07403, NJ
We’re sorry, we don't have information for this market at the moment
