$7,124 Closing Credit*
$599,900
3 Beds
•3 Full Baths, 1 Partial
Listing Office: REALTY EXECUTIVES EXCEPTIONAL
Is 07442, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07442 was a Seller's Market.
Key Takeaway
07442 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07442, NJ
How much do homes in 07442, NJ cost?
Median Sold Price
$500,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+11.1%)
Key Takeaway
Homes in 07442 have sold for 11.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $257.4K | +11.9% |
| 2 Bedrooms | $385K | $435K | +13.0% |
| 3 Bedrooms | $460.5K | $535K | +16.2% |
| 4 Bedrooms | $517K | $599.5K | +16.0% |
| 5+ Bedrooms | $712K | $605K | -15.0% |
Summary: 07442 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Zip Codes
| 07444 | $543.6K | $617K | +13.5% |
| 07442 | $450K | $500K | +11.1% |
| 07420 | $405K | $450K | +11.1% |
| 07457 | $410K | $425K | +3.7% |
| 07436 | $635K | $632K | -0.5% |
Housing Supply in 07442, NJ
How many homes are available in 07442, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The 07442 real estate market had 40 homes for sale in November 2024, a 2.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 07442 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07442, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 07442 in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for 07442, NJ
We’re sorry, we don't have information for this market at the moment
