$5,819 Closing Credit*
$490,000
2,448 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: JMICHAELS REALTY , ORADELL
Is 07418, 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, 07418 has remained a Seller's Market.
Key Takeaway
07418 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07418, NJ
How much do homes in 07418, NJ cost?
Median Sold Price
$400,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+14.3%)
Key Takeaway
Homes in 07418 have sold for 14.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $342.5K | +31.7% |
| 3 Bedrooms | $333.5K | $381.9K | +14.5% |
| 4 Bedrooms | $465K | $565K | +21.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 07418 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 31.7%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes did not change.
Housing Supply in 07418, NJ
How many homes are available in 07418, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The 07418 real estate market had 8 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 07418 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07418, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 07418 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 07418, NJ
We’re sorry, we don't have information for this market at the moment
