$4,988 Closing Credit*
$420,000
3 Beds
•2 Full Baths
Listing Office: USREALTY.COM, LLP
Is 07461, 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, 07461 has remained a Seller's Market.
Key Takeaway
07461 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07461, NJ
How much do homes in 07461, NJ cost?
Median Sold Price
$406,250
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,250(+12.8%)
Key Takeaway
Homes in 07461 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 07461 was $406,250 in October 2024, up 12.8% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | $230K | -54.0% |
| 2 Bedrooms | $240K | $282K | +17.5% |
| 3 Bedrooms | $347.5K | $387K | +11.4% |
| 4 Bedrooms | $499K | $550K | +10.2% |
| 5+ Bedrooms | $552.5K | $635K | +14.9% |
Summary: 07461 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 14.9%.
Housing Supply in 07461, NJ
How many homes are available in 07461, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 100 | +19.0% |
Summary: The 07461 real estate market had 100 homes for sale in October 2024, a 19.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 35 | 41 | +17.1% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 07461 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07461, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 07461 in October 2024, up by 63.6% month-over-month. Of the 18 sold homes, 50% were sold under asking, 6% were sold at asking, and 44% were sold over asking.
Days on Market for 07461, NJ
We’re sorry, we don't have information for this market at the moment
