$5,328 Closing Credit*
$448,700
1,152 SqFt
2 Beds
•2 Full Baths
Listing Office: C-21 GEMINI, LLC.
Is 07457, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$415,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.2%)
Key Takeaway
Homes in 07457 have sold for 1.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $313K | $316K | +1.0% |
| 2 Bedrooms | $407.3K | $415K | +1.9% |
| 3 Bedrooms | $500K | $521.7K | +4.3% |
| 4 Bedrooms | $717.5K | $889.9K | +24.0% |
| 5+ Bedrooms | $815K | $1.0M | +26.8% |
Summary: 07457 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 26.8%.
Housing Supply in 07457, NJ
How many homes are available in 07457, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Summary: The 07457 real estate market had 26 homes for sale in October 2024, a 52.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 6 | +500.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 07457 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07457, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07457 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for 07457, NJ
We’re sorry, we don't have information for this market at the moment
