$10,000 Closing Credit*
$1,999,000
7 Beds
•9 Full Baths, 1 Partial
Sharon Schaeffer Lazarus, Listing Office: Terrie OConnor Realtors-Saddle River
Is 07430, 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, 07430 was a Seller's Market.
Key Takeaway
07430 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07430, NJ
How much do homes in 07430, NJ cost?
Median Sold Price
$584,900
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,100(-3.3%)
Key Takeaway
Homes in 07430 have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in 07430 was $584,900 in November 2024, down 3.3% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | $325K | +11.1% |
| 2 Bedrooms | $452K | $485K | +7.3% |
| 3 Bedrooms | $685K | $725K | +5.8% |
| 4 Bedrooms | $900K | $972K | +8.0% |
| 5+ Bedrooms | $1.5M | $1.4M | -6.4% |
Summary: 07430 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in 07430, NJ
How many homes are available in 07430, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 59 | +25.5% |
Summary: The 07430 real estate market had 59 homes for sale in November 2024, a 25.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 6 | +200.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The 07430 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 30.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 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 07430, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07430 in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for 07430, NJ
We’re sorry, we don't have information for this market at the moment
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.