$10,000 Closing Credit*
$1,425,000
4 Beds
•3 Full Baths, 1 Partial
Listing Office: TERRIE O'CONNOR REALTORS
Is 07481, 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, 07481 has remained a Seller's Market.
Key Takeaway
07481 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07481, NJ
How much do homes in 07481, NJ cost?
Median Sold Price
$905,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-0.5%)
Key Takeaway
Homes in 07481 have sold for 0.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $500K | N/A |
| 2 Bedrooms | $801K | $685K | -14.5% |
| 3 Bedrooms | $700K | $818.5K | +16.9% |
| 4 Bedrooms | $887.5K | $1.1M | +29.6% |
| 5+ Bedrooms | $1.3M | $1.4M | +5.1% |
Summary: 07481 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 decreased by 14.5%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 07481, NJ
How many homes are available in 07481, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 32 | +52.4% |
Summary: The 07481 real estate market had 32 homes for sale in October 2024, a 52.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 07481 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07481, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 07481 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07481, NJ
We’re sorry, we don't have information for this market at the moment
