$3,906 Closing Credit*
$328,900
1,297 SqFt
3 Beds
•2 Full Baths, 1 Partial
Matthew Furmato Jr, Listing Office: Coldwell Banker Realty
Is 07735, 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, 07735 has remained a Seller's Market.
Key Takeaway
07735 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07735, NJ
How much do homes in 07735, NJ cost?
Median Sold Price
$495,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,000(+20.7%)
Key Takeaway
Homes in 07735 have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in 07735 was $495,000 in October 2024, up 20.7% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $292K | +77.0% |
| 2 Bedrooms | $348.1K | $380K | +9.2% |
| 3 Bedrooms | $405K | $505K | +24.7% |
| 4 Bedrooms | $505K | $555K | +9.9% |
| 5+ Bedrooms | $517.1K | $645K | +24.7% |
Summary: 07735 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 24.7%.
Housing Supply in 07735, NJ
How many homes are available in 07735, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 81 | -22.1% |
Summary: The 07735 real estate market had 81 homes for sale in October 2024, a 22.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 6 | -60.0% |
| 3 Bedrooms | 60 | 43 | -28.3% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 07735 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 28.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 24 | -36.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07735, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 07735 in October 2024, down by 36.8% month-over-month. Of the 24 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for 07735, NJ
How long does it take to sell a home in 07735, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 34 Days | -34.1% |
Summary: Homes in 07735 had an average of 34 days on market in Oct 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07735 has remained consistent over time.
Summary: During October 2024, 24 homes were sold in 07735; 46% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 4% 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.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.