$3,266 Closing Credit*
$275,000
3 Beds
•1 Full Bath
Listing Office: PINNACLE REALTY ASSOCIATES LLC
Is 07422, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 07422 has remained a Seller's Market.
Key Takeaway
07422 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07422, NJ
How much do homes in 07422, NJ cost?
Median Sold Price
$375,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$46,000(+14.0%)
Key Takeaway
Homes in 07422 have sold for 14% more than they did a year ago.
Summary: The median home sold price in 07422 was $375,000 in December 2024, up 14% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | - | N/A |
| 2 Bedrooms | $250K | $315K | +26.0% |
| 3 Bedrooms | $346K | $392.5K | +13.4% |
| 4 Bedrooms | $382.5K | $428.5K | +12.0% |
| 5+ Bedrooms | $464.9K | $455K | -2.1% |
Summary: 07422 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in 07422, NJ
How many homes are available in 07422, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The 07422 real estate market had 47 homes for sale in December 2024, a 4.4% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 07422 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 19 | +533.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07422, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 07422 in December 2024, up by 533.3% month-over-month. Of the 19 sold homes, 26% were sold under asking, 16% were sold at asking, and 58% were sold over asking.
Days on Market for 07422, NJ
We’re sorry, we don't have information for this market at the moment
