$6,828 Closing Credit*
$575,000
6 Beds
•2 Full Baths
Robert Dekanski, Listing Office: RE/MAX 1st Advantage
Is 07514, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 07514 has remained a Buyer's Market.
Key Takeaway
07514 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07514, NJ
How much do homes in 07514, NJ cost?
Median Sold Price
$284,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$105,000(+58.5%)
Key Takeaway
Homes in 07514 have sold for 58.5% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $179K | -31.2% |
| 3 Bedrooms | $99K | $390K | +293.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 07514 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.2%, 3 bedroom homes increased by 293.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07514 | $179.5K | $284.5K | +58.5% |
| 07410 | $650K | $551K | -15.2% |
Housing Supply in 07514, NJ
How many homes are available in 07514, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The 07514 real estate market had 31 homes for sale in November 2024, a 3.3% increase 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 | 3 | 3 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 07514 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07514, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 07514 in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 07514, NJ
We’re sorry, we don't have information for this market at the moment
