$8,311 Closing Credit*
$699,900
5 Beds
•3 Full Baths, 1 Partial
Jason Levine, Listing Office: Coldwell Banker, Ridgewood
Is 07660, 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, 07660 was a Seller's Market.
Key Takeaway
07660 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07660, NJ
How much do homes in 07660, NJ cost?
Median Sold Price
$595,000
$292/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$60,000(+11.2%)
Key Takeaway
Homes in 07660 have sold for 11.2% more than they did a month ago.
Summary: The median home sold price in 07660 was $595,000 in October 2024, up 11.2% from last month, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $520K | $390K | -25.0% |
| 4 Bedrooms | $720K | $800K | +11.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 07660 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 decreased by 25%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes did not change.
Housing Supply in 07660, NJ
How many homes are available in 07660, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The 07660 real estate market had 18 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 07660 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -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
Key Takeaway
If you're buying a home in 07660, 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 07660 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 07660, NJ
How long does it take to sell a home in 07660, 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 07660 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 07660; 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.
