$10,000 Closing Credit*
$2,199,000
3,612 SqFt
6 Beds
•4 Full Baths, 1 Partial
Catherine Ades, Listing Office: Cathy Ades Real Estate LLC
Is 07755, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07755 was a Seller's Market.
Key Takeaway
07755 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07755, NJ
How much do homes in 07755, NJ cost?
Median Sold Price
$799,500
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$84,500(+11.8%)
Key Takeaway
Homes in 07755 have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in 07755 was $799,500 in October 2024, up 11.8% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | - | N/A |
| 2 Bedrooms | $452.5K | $642.5K | +42.0% |
| 3 Bedrooms | $741K | $720K | -2.8% |
| 4 Bedrooms | $686.3K | $906.5K | +32.1% |
| 5+ Bedrooms | $1.2M | $1.4M | +17.0% |
Summary: 07755 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 increased by 42%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes increased by 17%.
Housing Supply in 07755, NJ
How many homes are available in 07755, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 40 | -11.1% |
Summary: The 07755 real estate market had 40 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 07755 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 decreased by 60%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07755, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 07755 in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 07755, NJ
How long does it take to sell a home in 07755, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 88 Days | +115.9% |
Summary: Homes in 07755 had an average of 88 days on market in Oct 2024, up by 115.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 07755 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in 07755; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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.