$2,374 Closing Credit*
$199,900
1 Bed
•1 Full Bath, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is 07419, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 07419 has remained a Seller's Market.
Key Takeaway
07419 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07419, NJ
How much do homes in 07419, NJ cost?
Median Sold Price
$365,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+9.8%)
Key Takeaway
Homes in 07419 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 07419 was $365,000 in October 2024, up 9.8% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $215K | +19.4% |
| 2 Bedrooms | $294K | $325K | +10.5% |
| 3 Bedrooms | $374.9K | $419.9K | +12.0% |
| 4 Bedrooms | $435K | $550K | +26.4% |
| 5+ Bedrooms | $615K | $765K | +24.4% |
Summary: 07419 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 24.4%.
Housing Supply in 07419, NJ
How many homes are available in 07419, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 84 | -4.5% |
Summary: The 07419 real estate market had 84 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 27 | 22 | -18.5% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 07419 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07419, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 07419 in October 2024, up by 15.8% month-over-month. Of the 22 sold homes, 23% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for 07419, NJ
We’re sorry, we don't have information for this market at the moment
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