$5,926 Closing Credit*
$499,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: PREMIER HOMES
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
Last month, 07803 was a Seller's Market.
Key Takeaway
07803 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 07803, NJ
How much do homes in 07803, NJ cost?
Median Sold Price
$517,500
$352/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$70,000(-11.9%)
Key Takeaway
Homes in 07803 have sold for 11.9% less than they did a month ago.
Summary: The median home sold price in 07803 was $517,500 in December 2024, down 11.9% from last month, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $367.5K | $555K | +51.0% |
| 4 Bedrooms | $587.5K | $480K | -18.3% |
| 5+ Bedrooms | $800K | - | N/A |
Summary: 07803 housing prices by bedroom type for December 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 increased by 51%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07847 | $525K | $541K | +3.0% |
| 07803 | $587.5K | $517.5K | -11.9% |
Housing Supply in 07803, NJ
How many homes are available in 07803, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The 07803 real estate market had 14 homes for sale in December 2024, a 22.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 07803 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07803, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 07803 in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07803, NJ
How long does it take to sell a home in 07803, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 07803 has remained consistent over time.
Summary: During December 2024, 2 homes were sold in 07803; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
