Housing Prices in 07503, NJ

How much do homes in 07503, NJ cost?

Median List Price

$480,000

$382/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$115,000(+31.5%)

Key Takeaway

The list price of homes in 07503 has increased by 31.5% since last year.

Summary: The median home list price in 07503 was $480,000 in October 2024, up 31.5% from the previous year, and the median price per square foot was $382.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K$204.4K
-0.3%
2 $325K$319.4K
-1.7%
3 $394.4K$450K
+14.1%
4 $365K$499K
+36.7%
5+ -$739.4K
N/A

Summary: 07503 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

07501
+35.2%
07503
+31.5%
07011
+14.9%
07513
+12.5%
07504
+4.5%

Housing Supply in 07503, NJ

How many homes are available in 07503, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1418+28.6%

Summary: The 07503 real estate market had 18 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 11
0.0%
3 13
+200.0%
4 32
-33.3%
5+ 811
+37.5%

Summary: The 07503 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 200%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 37.5%.

Days on Market for 07503, NJ

How long does it take to sell a home in 07503, NJ?

Average Listing Age

Oct 2023Oct 2024CHANGE
73 Days62 Days-14.1%

Summary: Homes in 07503 had an average listing age of 62 days in Oct 2024, down by 14.1% compared to the previous year.

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

Report Updated 20 Days Ago

Newest Listings in 07503, NJ

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