$10,000 Closing Credit*
$975,000
4 Beds
•3 Full Baths, 1 Partial
Matthew Gevirtz, Listing Office: EXP Realty, LLC
Is 07801, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07801 was a Seller's Market.
Key Takeaway
07801 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07801, NJ
How much do homes in 07801, NJ cost?
Median Sold Price
$450,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+12.5%)
Key Takeaway
Homes in 07801 have sold for 12.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $272.5K | +4.8% |
| 2 Bedrooms | $279.9K | $352.5K | +25.9% |
| 3 Bedrooms | $400K | $482K | +20.5% |
| 4 Bedrooms | $491K | $518.5K | +5.6% |
| 5+ Bedrooms | $550K | $602K | +9.5% |
Summary: 07801 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 07801, NJ
How many homes are available in 07801, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The 07801 real estate market had 42 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 07801 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 50%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07801, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07801 in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for 07801, NJ
We’re sorry, we don't have information for this market at the moment
