Is 07439, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07439 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 07439 was a Buyer's Market.

Key Takeaway

07439 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 07439, NJ

How much do homes in 07439, NJ cost?

Median Sold Price

$375,000

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+5.6%)

Key Takeaway

Homes in 07439 have sold for 5.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $270K$357.4K
+32.4%
3 $335K$352K
+5.1%
4 $422.5K$425K
+0.6%
5+ --
N/A

Summary: 07439 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

07416
+26.2%
07439
+5.6%
07871
+4.8%
07460
+2.8%

Housing Supply in 07439, NJ

How many homes are available in 07439, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118-27.3%

Summary: The 07439 real estate market had 8 homes for sale in October 2024, a 27.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 75
-28.6%
5+ 00
0.0%

Summary: The 07439 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 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07439, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 07439 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.

Days on Market for 07439, 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 4 Days Ago

Newest Listings in 07439, NJ

Nearby Markets to 07439, NJ