$8,253 Closing Credit*
$695,000
3 Beds
•3 Full Baths
Mark Werner, Listing Office: Werner Realty
Is 07421, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07421 was a Neutral Market.
Key Takeaway
07421 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07421, NJ
How much do homes in 07421, NJ cost?
Median Sold Price
$420,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+16.7%)
Key Takeaway
Homes in 07421 have sold for 16.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178.6K | $252.5K | +41.4% |
| 2 Bedrooms | $287.5K | $375K | +30.4% |
| 3 Bedrooms | $415K | $420K | +1.2% |
| 4 Bedrooms | $440K | $602.5K | +36.9% |
| 5+ Bedrooms | $490K | - | N/A |
Summary: 07421 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.4%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 36.9%, and 5+ bedroom homes did not change.
Housing Supply in 07421, NJ
How many homes are available in 07421, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Summary: The 07421 real estate market had 51 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 07421 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07421, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07421 in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07421, NJ
We’re sorry, we don't have information for this market at the moment
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