$10,000 Closing Credit*
$874,700
4 Beds
•2 Full Baths, 1 Partial
Tina Cali, Listing Office: Century 21 Gemini Realty, LLC
Is 07457, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 07457 has remained a Seller's Market.
Key Takeaway
07457 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07457, NJ
How much do homes in 07457, NJ cost?
Median Sold Price
$425,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.7%)
Key Takeaway
Homes in 07457 have sold for 3.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $313K | $316K | +1.0% |
| 2 Bedrooms | $409.7K | $420K | +2.5% |
| 3 Bedrooms | $500K | $528.5K | +5.7% |
| 4 Bedrooms | $717.5K | $889.9K | +24.0% |
| 5+ Bedrooms | $771K | $1.3M | +73.8% |
Summary: 07457 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 73.8%.
Housing Supply in 07457, NJ
How many homes are available in 07457, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The 07457 real estate market had 26 homes for sale in November 2024, a 8.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 07457 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07457, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07457 in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 07457, NJ
We’re sorry, we don't have information for this market at the moment
