$4,899,000
5,438 SqFt
7 Beds
•4 Full Baths, 1 Partial
Brenda Connolly, Listing Office: The Connolly Agency
Is 07717, 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, 07717 was a Neutral Market.
Key Takeaway
07717 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07717, NJ
How much do homes in 07717, NJ cost?
Median Sold Price
$1,960,000
$853/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$612,500(+45.5%)
Key Takeaway
Homes in 07717 have sold for 45.5% more than they did a year ago.
Summary: The median home sold price in 07717 was $1,960,000 in October 2024, up 45.5% from last year, and the median price per square foot was $853.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $502.5K | N/A |
| 2 Bedrooms | $640K | $1.1M | +83.6% |
| 3 Bedrooms | $1.2M | - | N/A |
| 4 Bedrooms | $1.9M | $2.5M | +30.8% |
| 5+ Bedrooms | $2.7M | $3.2M | +16.8% |
Summary: 07717 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 83.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 16.8%.
Housing Supply in 07717, NJ
How many homes are available in 07717, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The 07717 real estate market had 8 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 | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 07717 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07717, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in 07717 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07717, NJ
How long does it take to sell a home in 07717, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 6 Days | -25.0% |
Summary: Homes in 07717 had an average of 6 days on market in Oct 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07717 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 07717; 100% 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.
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.