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 Last Month

Since last month, 07432 has remained a Seller's 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

$1,035,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$390,000(+60.5%)

Key Takeaway

Homes in 07432 have sold for 60.5% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $645K-
N/A
4 -$1.0M
N/A
5+ --
N/A

Summary: 07432 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 07432, NJ

How many homes are available in 07432, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The 07432 real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 52
-60.0%
4 25
+150.0%
5+ 22
0.0%

Summary: The 07432 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 remained the same, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

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 October 2024, down by 50.0% month-over-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 16 Days Ago

Newest Listings in 07432, NJ

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