$10,000 Closing Credit*
$1,100,000
2,593 SqFt
4 Beds
•2 Full Baths, 2 Partial
Lori Merendino, Listing Office: Compass New Jersey , LLC
Is 07747, 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, 07747 has remained a Seller's Market.
Key Takeaway
07747 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07747, NJ
How much do homes in 07747, NJ cost?
Median Sold Price
$520,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,750(+6.5%)
Key Takeaway
Homes in 07747 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 07747 was $520,000 in October 2024, up 6.5% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $250K | +2.0% |
| 2 Bedrooms | $315K | $331.5K | +5.2% |
| 3 Bedrooms | $505K | $565K | +11.9% |
| 4 Bedrooms | $660K | $717.5K | +8.7% |
| 5+ Bedrooms | $677K | $780K | +15.2% |
Summary: 07747 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 15.2%.
Housing Supply in 07747, NJ
How many homes are available in 07747, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 140 | +2.9% |
Summary: The 07747 real estate market had 140 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 29 | 34 | +17.2% |
| 3 Bedrooms | 44 | 45 | +2.3% |
| 4 Bedrooms | 39 | 35 | -10.3% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The 07747 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 36 | +56.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07747, you could pay more than the asking price. 52.8% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in 07747 in October 2024, up by 56.5% month-over-month. Of the 36 sold homes, 28% were sold under asking, 19% were sold at asking, and 53% were sold over asking.
Days on Market for 07747, NJ
How long does it take to sell a home in 07747, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 29 Days | -12.3% |
Summary: Homes in 07747 had an average of 29 days on market in Oct 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07747 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 07747; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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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.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.