Is 07732, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07732 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 07732 has remained a Seller's Market.

Key Takeaway

07732 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 07732, NJ

How much do homes in 07732, NJ cost?

Median Sold Price

$497,500

$382/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,500(+5.0%)

Key Takeaway

Homes in 07732 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 07732 was $497,500 in October 2024, up 5% from last year, and the median price per square foot was $382.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $280K$333.5K
+19.1%
2 $425K$495K
+16.5%
3 $582.5K$692.5K
+18.9%
4 $636K$830K
+30.5%
5+ $1.6M$785K
-51.7%

Summary: 07732 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 30.5%, and 5+ bedroom homes decreased by 51.7%.

Median Sold Price Compared To Nearby Zip Codes

07760
+13.1%
07732
+5.0%
07716
-1.2%

Housing Supply in 07732, NJ

How many homes are available in 07732, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3234+6.3%

Summary: The 07732 real estate market had 34 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 13
+200.0%
2 1412
-14.3%
3 1213
+8.3%
4 34
+33.3%
5+ 22
0.0%

Summary: The 07732 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
39+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07732, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in 07732 in October 2024, up by 200.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.

Days on Market for 07732, NJ

How long does it take to sell a home in 07732, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days49 Days+181.2%

Summary: Homes in 07732 had an average of 49 days on market in Oct 2024, up by 181.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 07732 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 07732; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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 21 Days Ago

Newest Listings in 07732, NJ

Nearby Markets to 07732, NJ