$3,919 Closing Credit*
$330,000
2 Beds
•1 Full Bath
Listing Office: DAVID REALTY 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 October 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
$430,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,210(+19.5%)
Key Takeaway
Homes in 07480 have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in 07480 was $430,000 in October 2024, up 19.5% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $280K | +34.9% |
| 2 Bedrooms | $282.5K | $335K | +18.6% |
| 3 Bedrooms | $410K | $451.2K | +10.1% |
| 4 Bedrooms | $540K | $580K | +7.4% |
| 5+ Bedrooms | $645K | $895K | +38.8% |
Summary: 07480 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 38.8%.
Housing Supply in 07480, NJ
How many homes are available in 07480, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 101 | +9.8% |
Summary: The 07480 real estate market had 101 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 30 | 36 | +20.0% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 07480 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 23 | +53.3% |
Asking Price vs. Sold Price
9 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. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 07480 in October 2024, up by 53.3% month-over-month. Of the 23 sold homes, 39% were sold under asking, 13% were sold at asking, and 48% were sold over asking.
Days on Market for 07480, NJ
How long does it take to sell a home in 07480, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 31 Days | +287.5% |
Summary: Homes in 07480 had an average of 31 days on market in Oct 2024, up by 287.5% compared to last year.
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 07480 has remained consistent over time.
Summary: During October 2024, 23 homes were sold in 07480; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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