$5,273 Closing Credit*
$444,000
4 Beds
•2 Full Baths
Keren Gonen, Listing Office: Realty Executives Exceptional Realtors-Vernon
Is 07422, 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, 07422 was a Seller's Market.
Key Takeaway
07422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07422, NJ
How much do homes in 07422, NJ cost?
Median Sold Price
$351,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,250(+10.8%)
Key Takeaway
Homes in 07422 have sold for 10.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $240K | +100.0% |
| 2 Bedrooms | $250K | $305K | +22.0% |
| 3 Bedrooms | $345K | $375K | +8.7% |
| 4 Bedrooms | $405K | $415K | +2.5% |
| 5+ Bedrooms | $540K | $412.4K | -23.6% |
Summary: 07422 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 23.6%.
Housing Supply in 07422, NJ
How many homes are available in 07422, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Summary: The 07422 real estate market had 45 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07422 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07422, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 07422 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 07422, NJ
We’re sorry, we don't have information for this market at the moment
