$6,947 Closing Credit*
$585,000
3 Beds
•1 Full Bath, 1 Partial
Edan Young, Listing Office: Exclusive Properties Realty, LLC
Is 07463, 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, 07463 has remained a Seller's Market.
Key Takeaway
07463 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07463, NJ
How much do homes in 07463, NJ cost?
Median Sold Price
$668,500
$3,862/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$106,000(+18.8%)
Key Takeaway
Homes in 07463 have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in 07463 was $668,500 in October 2024, up 18.8% from last year, and the median price per square foot was $3,862.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $479K | $522.5K | +9.1% |
| 3 Bedrooms | $535K | $688K | +28.6% |
| 4 Bedrooms | $642.5K | $662.5K | +3.1% |
| 5+ Bedrooms | $745K | $3.2M | +339.6% |
Summary: 07463 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 339.6%.
Median Sold Price Compared To Nearby Zip Codes
| 07463 | $562.5K | $668.5K | +18.8% |
| 07481 | $910K | $905K | -0.5% |
Housing Supply in 07463, NJ
How many homes are available in 07463, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The 07463 real estate market had 16 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 07463 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07463, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 07463 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for 07463, NJ
How long does it take to sell a home in 07463, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07463 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 07463; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
