$5,047 Closing Credit*
$425,000
3 Beds
•1 Full Bath
Anne Ryan, Listing Office: Coldwell Banker, Ridgewood
Is 07663, 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, 07663 was a Buyer's Market.
Key Takeaway
07663 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07663, NJ
How much do homes in 07663, NJ cost?
Median Sold Price
$706,000
$456/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$186,000(+35.8%)
Key Takeaway
Homes in 07663 have sold for 35.8% more than they did a month ago.
Summary: The median home sold price in 07663 was $706,000 in November 2024, up 35.8% from last month, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $481K | $471.4K | -2.0% |
| 3 Bedrooms | $520K | $706K | +35.8% |
| 4 Bedrooms | $710K | - | N/A |
| 5+ Bedrooms | - | $999.9K | N/A |
Summary: 07663 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 35.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 07663, NJ
How many homes are available in 07663, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The 07663 real estate market had 28 homes for sale in November 2024, a 27.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 07663 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07663, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 07663 in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for 07663, NJ
How long does it take to sell a home in 07663, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07663 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 07663; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
