$4,857 Closing Credit*
$409,000
2 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is 07420, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07420 was a Neutral Market.
Key Takeaway
07420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07420, NJ
How much do homes in 07420, NJ cost?
Median Sold Price
$450,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+11.1%)
Key Takeaway
Homes in 07420 have sold for 11.1% 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 | $399K | $430K | +7.8% |
| 3 Bedrooms | $400K | $450K | +12.5% |
| 4 Bedrooms | $415.5K | $450.8K | +8.5% |
| 5+ Bedrooms | $541K | $620K | +14.6% |
Summary: 07420 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 7.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in 07420, NJ
How many homes are available in 07420, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The 07420 real estate market had 28 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07420 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 decreased by 7.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07420, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07420 in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 0% were sold under asking, 29% were sold at asking, and 71% were sold over asking.
Days on Market for 07420, NJ
We’re sorry, we don't have information for this market at the moment
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