$5,558 Closing Credit*
$468,000
3 Beds
•2 Full Baths
Victoria Tudor, Listing Office: True Real Estate Group, LLC
Is 07480, 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, 07480 has remained a Seller's Market.
Key Takeaway
07480 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07480, NJ
How much do homes in 07480, NJ cost?
Median Sold Price
$439,500
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$69,500(+18.8%)
Key Takeaway
Homes in 07480 have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in 07480 was $439,500 in November 2024, up 18.8% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $291K | +40.2% |
| 2 Bedrooms | $285K | $330K | +15.8% |
| 3 Bedrooms | $410K | $461K | +12.4% |
| 4 Bedrooms | $540K | $599K | +10.9% |
| 5+ Bedrooms | $662K | $895K | +35.2% |
Summary: 07480 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.2%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 35.2%.
Housing Supply in 07480, NJ
How many homes are available in 07480, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 98 | +2.1% |
Summary: The 07480 real estate market had 98 homes for sale in November 2024, a 2.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 34 | 37 | +8.8% |
| 3 Bedrooms | 34 | 33 | -2.9% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 07480 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07480, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 07480 in November 2024, down by 16.7% month-over-month. Of the 20 sold homes, 30% were sold under asking, 15% were sold at asking, and 55% were sold over asking.
Days on Market for 07480, NJ
We’re sorry, we don't have information for this market at the moment
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