$10,000 Closing Credit*
$1,100,000
4 Beds
•3 Full Baths
Scott S. Kim, Listing Office: Premier Realty Group
Is 07675, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 07675 has remained a Buyer's Market.
Key Takeaway
07675 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07675, NJ
How much do homes in 07675, NJ cost?
Median Sold Price
$822,500
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$137,500(+20.1%)
Key Takeaway
Homes in 07675 have sold for 20.1% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $885.7K | $755K | -14.8% |
| 4 Bedrooms | $648K | $890K | +37.3% |
| 5+ Bedrooms | $685K | - | N/A |
Summary: 07675 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 14.8%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07675 | $685K | $822.5K | +20.1% |
| 07642 | $712.5K | $575K | -19.3% |
Housing Supply in 07675, NJ
How many homes are available in 07675, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 48 | +33.3% |
Summary: The 07675 real estate market had 48 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 07675 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 38.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07675, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07675 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 07675, NJ
We’re sorry, we don't have information for this market at the moment
