$3,313 Closing Credit*
$279,000
2 Beds
•1 Full Bath
Listing Office: SUSSEX COUNTY REAL ESTATE
Is 07462, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07462 was a Seller's Market.
Key Takeaway
07462 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07462, NJ
How much do homes in 07462, NJ cost?
Median Sold Price
$260,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+13.5%)
Key Takeaway
Homes in 07462 have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in 07462 was $260,000 in October 2024, up 13.5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $159K | -0.6% |
| 2 Bedrooms | $222K | $240K | +8.1% |
| 3 Bedrooms | $283K | $330K | +16.6% |
| 4 Bedrooms | $375K | $450K | +20.0% |
| 5+ Bedrooms | $650K | $425K | -34.6% |
Summary: 07462 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 34.6%.
Housing Supply in 07462, NJ
How many homes are available in 07462, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 98 | +7.7% |
Summary: The 07462 real estate market had 98 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 22 | -4.3% |
| 2 Bedrooms | 40 | 41 | +2.5% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07462 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07462, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 07462 in October 2024, down by 30.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for 07462, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.