$9,726 Closing Credit*
$819,000
2,721 SqFt
4 Beds
•2 Full Baths, 1 Partial
Dana Johnson, Listing Office: Corcoran Baer & McIntosh
Is 07733, 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, 07733 has remained a Seller's Market.
Key Takeaway
07733 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07733, NJ
How much do homes in 07733, NJ cost?
Median Sold Price
$880,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,000(-4.3%)
Key Takeaway
Homes in 07733 have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in 07733 was $880,000 in October 2024, down 4.3% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.4K | - | N/A |
| 2 Bedrooms | $612K | $565K | -7.7% |
| 3 Bedrooms | $610K | $680K | +11.5% |
| 4 Bedrooms | $1.0M | $967.2K | -8.5% |
| 5+ Bedrooms | $1.3M | $1.3M | +1.3% |
Summary: 07733 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 decreased by 7.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in 07733, NJ
How many homes are available in 07733, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 68 | +1.5% |
Summary: The 07733 real estate market had 68 homes for sale in October 2024, a 1.5% 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 | 5 | 8 | +60.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The 07733 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 60%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07733, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 07733 in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.
Days on Market for 07733, NJ
How long does it take to sell a home in 07733, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 31 Days | -10.8% |
Summary: Homes in 07733 had an average of 31 days on market in Oct 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07733 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 07733; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% 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.
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