Is 07436, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07436 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 07436 has remained a Seller's Market.

Key Takeaway

07436 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 07436, NJ

How much do homes in 07436, NJ cost?

Median Sold Price

$663,500

-

Based on all homes sold in December 2024.

The Median Sold Price hasn't changed since November 2024.

Key Takeaway

The sold price of homes in 07436 has remained the same since last month.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $625K$800K
+28.0%
3 $663.5K$620K
-6.6%
4 $680K$641K
-5.7%
5+ $885K-
N/A

Summary: 07436 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes did not change.

Housing Supply in 07436, NJ

How many homes are available in 07436, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4030-25.0%

Summary: The 07436 real estate market had 30 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1812
-33.3%
4 1513
-13.3%
5+ 10
-100.0%

Summary: The 07436 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 decreased by 16.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
10100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07436, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 07436 in December 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for 07436, 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 5 Days Ago

Newest Listings in 07436, NJ

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