Is 07432, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07432 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 07432 was a Neutral Market.

Key Takeaway

07432 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 07432, NJ

How much do homes in 07432, NJ cost?

Median Sold Price

$812,500

-

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$212,500(+35.4%)

Key Takeaway

Homes in 07432 have sold for 35.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $320K-
N/A
3 $577.5K$677.5K
+17.3%
4 $647K$900.5K
+39.2%
5+ $755K$837.5K
+10.9%

Summary: 07432 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 did not change, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 39.2%, and 5+ bedroom homes increased by 10.9%.

Median Sold Price Compared To Nearby Zip Codes

07432
+35.4%
07450
+29.4%
07463
+19.5%
07481
+5.5%

Housing Supply in 07432, NJ

How many homes are available in 07432, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
880.0%

Summary: The 07432 real estate market had 8 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 44
0.0%
5+ 22
0.0%

Summary: The 07432 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07432, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 07432 in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 07432, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 07432, NJ

Nearby Markets to 07432, NJ