$4,156 Closing Credit*
$350,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: EXP REALTY, LLC
Is 07461, 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, 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
$412,500
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,750(+13.7%)
Key Takeaway
Homes in 07461 have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in 07461 was $412,500 in November 2024, up 13.7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $220K | -31.3% |
| 2 Bedrooms | $240K | $285K | +18.8% |
| 3 Bedrooms | $347.5K | $405K | +16.5% |
| 4 Bedrooms | $500K | $541.5K | +8.3% |
| 5+ Bedrooms | $552.5K | $635K | +14.9% |
Summary: 07461 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 8.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 94 | -2.1% |
Summary: The 07461 real estate market had 94 homes for sale in November 2024, a 2.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 39 | 38 | -2.6% |
| 4 Bedrooms | 30 | 29 | -3.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 07461 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 decreased by 5.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07461, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 07461 in November 2024, down by 15.0% month-over-month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for 07461, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.