Is 07452, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07452 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 07452 has remained a Seller's Market.

Key Takeaway

07452 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 07452, NJ

How much do homes in 07452, NJ cost?

Median Sold Price

$902,000

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+3.1%)

Key Takeaway

Homes in 07452 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 07452 was $902,000 in October 2024, up 3.1% from last year, and the median price per square foot was $439.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $520K$585K
+12.5%
3 $690K$820K
+18.8%
4 $1.1M$1.1M
0.4%
5+ $1.1M$1.3M
+23.5%

Summary: 07452 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 12.5%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 23.5%.

Median Sold Price Compared To Nearby Zip Codes

07506
+11.2%
07410
+7.8%
07452
+3.1%

Housing Supply in 07452, NJ

How many homes are available in 07452, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2522-12.0%

Summary: The 07452 real estate market had 22 homes for sale in October 2024, a 12.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1311
-15.4%
4 88
0.0%
5+ 43
-25.0%

Summary: The 07452 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 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
125-58.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07452, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 07452 in October 2024, down by 58.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 07452, 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 07452, NJ

Nearby Markets to 07452, NJ