$110,000
Land
Sandy Cuevas, Listing Office: Weichert Realtors, Jersey City
Is 07512, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07512 was a Seller's Market.
Key Takeaway
07512 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07512, NJ
How much do homes in 07512, NJ cost?
Median Sold Price
$577,450
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,851(+8.8%)
Key Takeaway
Homes in 07512 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 07512 was $577,450 in November 2024, up 8.8% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $275K | -21.4% |
| 2 Bedrooms | $400K | $440K | +10.0% |
| 3 Bedrooms | $500K | $575K | +15.0% |
| 4 Bedrooms | $691K | $712.5K | +3.1% |
| 5+ Bedrooms | $950K | $885K | -6.8% |
Summary: 07512 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in 07512, NJ
How many homes are available in 07512, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 34 | -15.0% |
Summary: The 07512 real estate market had 34 homes for sale in November 2024, a 15.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 14 | 10 | -28.6% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 07512 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07512, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 07512 in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 07512, NJ
We’re sorry, we don't have information for this market at the moment
