$5,899,999
5,000 SqFt
8 Beds
•7 Full Baths
Kara Burke Manna, Listing Office: Burke&Manna Real Estate Agency
Is 07711, 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, 07711 was a Seller's Market.
Key Takeaway
07711 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07711, NJ
How much do homes in 07711, NJ cost?
Median Sold Price
$965,070
$569/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$594,930(-38.1%)
Key Takeaway
Homes in 07711 have sold for 38.1% less than they did a year ago.
Summary: The median home sold price in 07711 was $965,070 in October 2024, down 38.1% from last year, and the median price per square foot was $569.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $550K | $995K | +80.9% |
| 3 Bedrooms | $824.5K | $869.6K | +5.5% |
| 4 Bedrooms | $1.4M | $999K | -28.6% |
| 5+ Bedrooms | $2.7M | $2.7M | +1.0% |
Summary: 07711 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 80.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Zip Codes
| 07712 | $585K | $628.3K | +7.4% |
| 07711 | $1.5M | $965K | -38.1% |
Housing Supply in 07711, NJ
How many homes are available in 07711, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The 07711 real estate market had 17 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 07711 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 decreased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07711, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 07711 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 07711, NJ
How long does it take to sell a home in 07711, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 136 Days | 75 Days | -44.7% |
Summary: Homes in 07711 had an average of 75 days on market in Oct 2024, down by 44.7% compared to last year.
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 07711 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 07711; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.