$10,000 Closing Credit*
$850,000
3 Beds
•2 Full Baths
Bleranda Spahiu, Listing Office: Keller Williams Village Square Realty
Is 07470, 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, 07470 has remained a Seller's Market.
Key Takeaway
07470 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07470, NJ
How much do homes in 07470, NJ cost?
Median Sold Price
$683,166
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$72,444(+11.9%)
Key Takeaway
Homes in 07470 have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in 07470 was $683,166 in October 2024, up 11.9% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $309.5K | +19.0% |
| 2 Bedrooms | $450K | $494.5K | +9.9% |
| 3 Bedrooms | $597K | $624.1K | +4.5% |
| 4 Bedrooms | $690K | $780K | +13.0% |
| 5+ Bedrooms | $830.5K | $1.0M | +22.1% |
Summary: 07470 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 22.1%.
Housing Supply in 07470, NJ
How many homes are available in 07470, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 155 | 192 | +23.9% |
Summary: The 07470 real estate market had 192 homes for sale in October 2024, a 23.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 16 | +45.5% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 54 | 69 | +27.8% |
| 4 Bedrooms | 56 | 67 | +19.6% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The 07470 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 53 | +71.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07470, you could pay more than the asking price. 60.4% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in 07470 in October 2024, up by 71.0% month-over-month. Of the 53 sold homes, 26% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for 07470, NJ
We’re sorry, we don't have information for this market at the moment
