Is 07756, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07756 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 07756 has remained a Seller's Market.

Key Takeaway

07756 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 07756, NJ

How much do homes in 07756, NJ cost?

Median Sold Price

$859,000

$589/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$124,000(+16.9%)

Key Takeaway

Homes in 07756 have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in 07756 was $859,000 in December 2024, up 16.9% from last year, and the median price per square foot was $589.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $402.5K$499K
+24.0%
2 $620K$694K
+11.9%
3 $741.2K$818.2K
+10.4%
4 $801K$1.1M
+40.4%
5+ $1.2M$1.0M
-15.3%

Summary: 07756 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 40.4%, and 5+ bedroom homes decreased by 15.3%.

Median Sold Price Compared To Nearby Zip Codes

07756
+16.9%
07712
+7.1%

Housing Supply in 07756, NJ

How many homes are available in 07756, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2316-30.4%

Summary: The 07756 real estate market had 16 homes for sale in December 2024, a 30.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 53
-40.0%
2 63
-50.0%
3 22
0.0%
4 43
-25.0%
5+ 65
-16.7%

Summary: The 07756 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07756, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 07756 in December 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 07756, NJ

How long does it take to sell a home in 07756, NJ?

Average Sale Time

Dec 2023Dec 2024CHANGE
10 Days37 Days+276.7%

Summary: Homes in 07756 had an average of 37 days on market in Dec 2024, up by 276.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 07756 has remained consistent over time.

Summary: During December 2024, 3 homes were sold in 07756; 33% of homes were sold within 30 days, 67% 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 8 Days Ago

Newest Listings in 07756, NJ

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