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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07460 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 07460 was a Seller's Market.

Key Takeaway

07460 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 07460, NJ

How much do homes in 07460, NJ cost?

Median Sold Price

$370,000

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+2.8%)

Key Takeaway

Homes in 07460 have sold for 2.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$350K
+268.4%
2 $337K$330K
-2.1%
3 $352.5K$417.5K
+18.4%
4 $490K$487.5K
-0.5%
5+ -$710K
N/A

Summary: 07460 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 268.4%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

07480
+19.5%
07462
+13.5%
07422
+10.8%
07419
+9.8%
07460
+2.8%

Housing Supply in 07460, NJ

How many homes are available in 07460, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
15150.0%

Summary: The 07460 real estate market had 15 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 44
0.0%
3 99
0.0%
4 12
+100.0%
5+ 00
0.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 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 07460, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 07460 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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 16 Days Ago

Newest Listings in 07460, NJ

Nearby Markets to 07460, NJ