$9,726 Closing Credit*
$819,000
3 Beds
•2 Full Baths, 1 Partial
Jong S. Hong, Listing Office: Harvest Property & Investment, LLC
Is 07642, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 07642 was a Seller's Market.
Key Takeaway
07642 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07642, NJ
How much do homes in 07642, NJ cost?
Median Sold Price
$575,000
$366/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$137,500(-19.3%)
Key Takeaway
Homes in 07642 have sold for 19.3% less than they did a month ago.
Summary: The median home sold price in 07642 was $575,000 in October 2024, down 19.3% from last month, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $680K | - | N/A |
| 4 Bedrooms | $745K | $800K | +7.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 07642 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07675 | $685K | $822.5K | +20.1% |
| 07642 | $712.5K | $575K | -19.3% |
Housing Supply in 07642, NJ
How many homes are available in 07642, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The 07642 real estate market had 16 homes for sale in October 2024, a 45.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07642 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 remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07642, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in 07642 in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07642, NJ
How long does it take to sell a home in 07642, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07642 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 07642; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
