$4,738 Closing Credit*
$399,000
3 Beds
•1 Full Bath
Diab A. Mustafa, Listing Office: EXP Realty, LLC
Is 07512, 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, 07512 has remained a Seller's Market.
Key Takeaway
07512 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07512, NJ
How much do homes in 07512, NJ cost?
Median Sold Price
$577,450
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 8.8% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $275K | -21.4% |
| 2 Bedrooms | $392.5K | $450K | +14.6% |
| 3 Bedrooms | $500K | $572.5K | +14.5% |
| 4 Bedrooms | $680K | $720K | +5.9% |
| 5+ Bedrooms | $952.5K | $715K | -24.9% |
Summary: 07512 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 24.9%.
Housing Supply in 07512, NJ
How many homes are available in 07512, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The 07512 real estate market had 44 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 07512 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 decreased by 20%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07512, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 07512 in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07512, NJ
We’re sorry, we don't have information for this market at the moment
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