Is 07646, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07646 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 07646 was a Seller's Market.

Key Takeaway

07646 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 07646, NJ

How much do homes in 07646, NJ cost?

Median Sold Price

$719,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$9,000(+1.3%)

Key Takeaway

Homes in 07646 have sold for 1.3% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $710K$800K
+12.7%
4 -$638K
N/A
5+ --
N/A

Summary: 07646 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 increased by 12.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 07646, NJ

How many homes are available in 07646, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1422+57.1%

Summary: The 07646 real estate market had 22 homes for sale in October 2024, a 57.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 78
+14.3%
4 25
+150.0%
5+ 58
+60.0%

Summary: The 07646 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 07646, 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 07646 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 07646, 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 07646, NJ

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