Is 07739, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07739 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 07739 has remained a Seller's Market.

Key Takeaway

07739 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 07739, NJ

How much do homes in 07739, NJ cost?

Median Sold Price

$999,999

$438/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$138,999(+16.1%)

Key Takeaway

Homes in 07739 have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in 07739 was $999,999 in November 2024, up 16.1% from last year, and the median price per square foot was $438.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$279.9K
N/A
2 $523K$560K
+7.1%
3 $672.5K$862.5K
+28.3%
4 $932.5K$1.2M
+35.1%
5+ $1.7M$1.6M
-7.0%

Summary: 07739 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 28.3%, 4 bedroom homes increased by 35.1%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Zip Codes

07739
+16.1%
07757
+14.4%
07704
+13.7%
07702
+6.7%

Housing Supply in 07739, NJ

How many homes are available in 07739, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2320-13.0%

Summary: The 07739 real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 1010
0.0%
4 55
0.0%
5+ 33
0.0%

Summary: The 07739 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07739, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 07739 in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.

Days on Market for 07739, NJ

How long does it take to sell a home in 07739, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days12 Days-31.7%

Summary: Homes in 07739 had an average of 12 days on market in Nov 2024, down by 31.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 07739 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 07739; 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 17 Days Ago

Newest Listings in 07739, NJ

Nearby Markets to 07739, NJ