$10,000 Closing Credit*
$950,000
4 Beds
•3 Full Baths, 1 Partial
Lisa Masterson, Listing Office: Prominent Properties Sotheby's International Realty-Towaco
Is 07405, 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, 07405 has remained a Seller's Market.
Key Takeaway
07405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07405, NJ
How much do homes in 07405, NJ cost?
Median Sold Price
$660,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$85,000(+14.8%)
Key Takeaway
Homes in 07405 have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in 07405 was $660,000 in November 2024, up 14.8% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231K | $380K | +64.5% |
| 2 Bedrooms | $357K | $410K | +14.8% |
| 3 Bedrooms | $520K | $571K | +9.8% |
| 4 Bedrooms | $677.5K | $779.5K | +15.1% |
| 5+ Bedrooms | $1.1M | $1.2M | +3.2% |
Summary: 07405 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.5%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Zip Codes
| 07435 | $470K | $874.5K | +86.1% |
| 07405 | $575K | $660K | +14.8% |
| 07444 | $543.6K | $617K | +13.5% |
| 07403 | $442.5K | $490.5K | +10.8% |
| 07457 | $410K | $425K | +3.7% |
Housing Supply in 07405, NJ
How many homes are available in 07405, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 74 | +2.8% |
Summary: The 07405 real estate market had 74 homes for sale in November 2024, a 2.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 07405 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07405, you could pay more than the asking price. 84.6% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 07405 in November 2024, down by 7.1% month-over-month. Of the 13 sold homes, 8% were sold under asking, 8% were sold at asking, and 85% were sold over asking.
Days on Market for 07405, NJ
We’re sorry, we don't have information for this market at the moment
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.