Housing Prices in 07631, NJ

How much do homes in 07631, NJ cost?

Median List Price

$684,900

$393/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$185,800(+37.2%)

Key Takeaway

The list price of homes in 07631 has increased by 37.2% since last year.

Summary: The median home list price in 07631 was $684,900 in November 2024, up 37.2% from the previous year, and the median price per square foot was $393.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $310K$379K
+22.3%
2 $423.5K$395K
-6.7%
3 $475K$550K
+15.8%
4 $575K$799K
+39.0%
5+ $2.2M$2.1M
-2.6%

Summary: 07631 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 39%, and 5+ bedroom homes decreased by 2.6%.

Median List Price Compared To Nearby Zip Codes

07632
+140.6%
07631
+37.2%
07666
+17.5%
07605
+8.2%

Housing Supply in 07631, NJ

How many homes are available in 07631, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3755+48.6%

Summary: The 07631 real estate market had 55 homes for sale in November 2024, a 48.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 28
+300.0%
3 712
+71.4%
4 813
+62.5%
5+ 1821
+16.7%

Summary: The 07631 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 16.7%.

Days on Market for 07631, NJ

How long does it take to sell a home in 07631, NJ?

Average Listing Age

Nov 2023Nov 2024CHANGE
104 Days80 Days-23.1%

Summary: Homes in 07631 had an average listing age of 80 days in Nov 2024, down by 23.1% compared to the previous year.

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

Report Updated 17 Days Ago

Newest Listings in 07631, NJ

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