$5,522 Closing Credit*
$465,000
1,774 SqFt
4 Beds
•2 Full Baths
Kimberlee Anne McClellan, Listing Office: Ai Brokers LLC
Is 07440, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07440 was a Seller's Market.
Key Takeaway
07440 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07440, NJ
How much do homes in 07440, NJ cost?
Median Sold Price
$555,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+4.7%)
Key Takeaway
Homes in 07440 have sold for 4.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.7K | - | N/A |
| 2 Bedrooms | $405K | $429.5K | +6.0% |
| 3 Bedrooms | $545K | $520K | -4.6% |
| 4 Bedrooms | $605K | $700K | +15.7% |
| 5+ Bedrooms | - | $570K | N/A |
Summary: 07440 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 6%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes did not change.
Housing Supply in 07440, NJ
How many homes are available in 07440, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Summary: The 07440 real estate market had 14 homes for sale in October 2024, a 75.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 07440 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 decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07440, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 07440 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 07440, NJ
We’re sorry, we don't have information for this market at the moment
