$1,500,000
2,062 SqFt
5 Beds
•2 Full Baths, 1 Partial
Rufino J Durand, Listing Office: Patrick Parker Realty
October 2024
Report Updated 23 Days Ago
Is 07720, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 07720 has remained a Seller's Market.
How much do homes in 07720, NJ cost?
$999,999
$751/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in 07720 was $999,999 in October 2024, up 17.6% from last year, and the median price per square foot was $751.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $472.5K | +12.5% |
2 Bedrooms | $767.5K | $915.5K | +19.3% |
3 Bedrooms | $751.1K | $950K | +26.5% |
4 Bedrooms | $1.1M | $1.3M | +21.0% |
5+ Bedrooms | $1.6M | $1.1M | -27.4% |
Summary: 07720 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 21%, and 5+ bedroom homes decreased by 27.4%.
07756 | $682.7K | $820K | +20.1% |
07720 | $850K | $999.9K | +17.6% |
07753 | $453.3K | $499.4K | +10.2% |
How many homes are available in 07720, NJ?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Summary: The 07720 real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 07720 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 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 66.7%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 07720 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
How long does it take to sell a home in 07720, NJ?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
31 Days | 14 Days | -54.7% |
Summary: Homes in 07720 had an average of 14 days on market in Oct 2024, down by 54.7% compared to last year.
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During October 2024, 3 homes were sold in 07720; 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.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 23 Days Ago
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See More ListingsMLS Disclaimers and Copyright
Based on information from Monmouth Ocean Regional MLS for the period 11/01/2022 - 11/01/2024
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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 7:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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