Is 07463, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07463 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $479K$522.5K
+9.1%
3 $535K$688K
+28.6%
4 $642.5K$662.5K
+3.1%
5+ $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
+18.8%
07481
-0.5%

Housing Supply in 07463, NJ

How many homes are available in 07463, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1316+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 24
+100.0%
4 56
+20.0%
5+ 22
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 2024Oct 2024CHANGE
04+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

Asking vs Sold - buyer

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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in 07463, NJ

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