Is 07645, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07645 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 07645 was a Seller's Market.

Key Takeaway

07645 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 07645, NJ

How much do homes in 07645, NJ cost?

Median Sold Price

$330,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$324,000(-49.5%)

Key Takeaway

Homes in 07645 have sold for 49.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$330K
N/A
2 $654K-
N/A
3 --
N/A
4 $860K-
N/A
5+ --
N/A

Summary: 07645 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 did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

07675
+20.1%
07645
-49.5%

Housing Supply in 07645, NJ

How many homes are available in 07645, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
910+11.1%

Summary: The 07645 real estate market had 10 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 11
0.0%
3 35
+66.7%
4 21
-50.0%
5+ 22
0.0%

Summary: The 07645 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 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07645, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 07645 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 07645, NJ

We’re sorry, we don't have information for this market at the moment

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

Report Updated 16 Days Ago

Newest Listings in 07645, NJ

Nearby Markets to 07645, NJ