$5,344 Closing Credit*
$450,000
1,686 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS CORP HQ
Is 07803, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 07803 has remained a Seller's Market.
Key Takeaway
07803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07803, NJ
How much do homes in 07803, NJ cost?
Median Sold Price
$587,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$47,500(+8.8%)
Key Takeaway
Homes in 07803 have sold for 8.8% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $420K | - | N/A |
| 3 Bedrooms | $540K | $367.5K | -31.9% |
| 4 Bedrooms | $715K | $587.5K | -17.8% |
| 5+ Bedrooms | - | $800K | N/A |
Summary: 07803 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 31.9%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07847 | $337.5K | $525K | +55.6% |
| 07803 | $540K | $587.5K | +8.8% |
Housing Supply in 07803, NJ
How many homes are available in 07803, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The 07803 real estate market had 18 homes for sale in November 2024, a 12.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07803 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 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07803, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 07803 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07803, NJ
We’re sorry, we don't have information for this market at the moment
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