Is 07460, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07460 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 07460 has remained a Seller's Market.

Key Takeaway

07460 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 07460, NJ

How much do homes in 07460, NJ cost?

Median Sold Price

$375,000

-

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+4.2%)

Key Takeaway

Homes in 07460 have sold for 4.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $95K$350K
+268.4%
2 $324K$330K
+1.9%
3 $360K$417.5K
+16.0%
4 $480.5K$527.5K
+9.8%
5+ -$710K
N/A

Summary: 07460 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 268.4%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

07480
+18.8%
07422
+15.6%
07462
+14.1%
07419
+12.1%
07460
+4.2%

Housing Supply in 07460, NJ

How many homes are available in 07460, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1420+42.9%

Summary: The 07460 real estate market had 20 homes for sale in November 2024, a 42.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 811
+37.5%
4 24
+100.0%
5+ 00
0.0%

Summary: The 07460 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07460, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 07460 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 07460, 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 17 Days Ago

Newest Listings in 07460, NJ

Nearby Markets to 07460, NJ