$7,718 Closing Credit*
$649,900
5,500 SqFt
3 Beds
•2 Full Baths
Listing Office: RAYMOND RHODES REAL ESTATE
Is 07662, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07662 was a Seller's Market.
Key Takeaway
07662 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07662, NJ
How much do homes in 07662, NJ cost?
Median Sold Price
$550,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+5.4%)
Key Takeaway
Homes in 07662 have sold for 5.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | - | N/A |
| 2 Bedrooms | $350K | $560K | +60.0% |
| 3 Bedrooms | $545K | $550K | +0.9% |
| 4 Bedrooms | $523.5K | $537K | +2.6% |
| 5+ Bedrooms | $625K | $705K | +12.8% |
Summary: 07662 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Zip Codes
| 07662 | $522K | $550K | +5.4% |
| 07607 | $542.5K | $562K | +3.6% |
Housing Supply in 07662, NJ
How many homes are available in 07662, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The 07662 real estate market had 12 homes for sale in October 2024, a 20.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 07662 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 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07662, 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 07662 in October 2024, down by 50.0% 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 07662, NJ
We’re sorry, we don't have information for this market at the moment
