Is 07446, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07446 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 07446 was a Seller's Market.

Key Takeaway

07446 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 07446, NJ

How much do homes in 07446, NJ cost?

Median Sold Price

$655,500

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,000(+2.8%)

Key Takeaway

Homes in 07446 have sold for 2.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $230K$253K
+10.0%
2 $557.1K$515K
-7.6%
3 $675K$655.5K
-2.9%
4 $685.5K$804.3K
+17.3%
5+ $985K$1.0M
+5.1%

Summary: 07446 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Zip Codes

07446
+2.8%
07430
-3.1%

Housing Supply in 07446, NJ

How many homes are available in 07446, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1632+100.0%

Summary: The 07446 real estate market had 32 homes for sale in October 2024, a 100.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 611
+83.3%
4 411
+175.0%
5+ 14
+300.0%

Summary: The 07446 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 increased by 20%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 175%, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 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 07446, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 07446 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 07446, 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 20 Days Ago

Newest Listings in 07446, NJ

Nearby Markets to 07446, NJ