$5,344 Closing Credit*
$450,000
4 Beds
•1 Full Bath, 1 Partial
Alison Nixon, Listing Office: EXP Realty, LLC
Is 07607, 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, 07607 was a Neutral Market.
Key Takeaway
07607 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07607, NJ
How much do homes in 07607, NJ cost?
Median Sold Price
$562,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,000(+2.2%)
Key Takeaway
Homes in 07607 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 07607 was $562,000 in November 2024, up 2.2% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $300K | -20.0% |
| 3 Bedrooms | $540.9K | $539.5K | -0.3% |
| 4 Bedrooms | $667.5K | $690K | +3.4% |
| 5+ Bedrooms | $550K | $625K | +13.6% |
Summary: 07607 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in 07607, NJ
How many homes are available in 07607, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Summary: The 07607 real estate market had 9 homes for sale in November 2024, a 125.0% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 07607 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 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07607, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 07607 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 07607, NJ
We’re sorry, we don't have information for this market at the moment
