$7,707 Closing Credit*
$649,000
5 Beds
•4 Full Baths
Listing Office: BHHS FOX & ROACH
Is 07821, 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, 07821 was a Seller's Market.
Key Takeaway
07821 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07821, NJ
How much do homes in 07821, NJ cost?
Median Sold Price
$500,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+11.1%)
Key Takeaway
Homes in 07821 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 07821 was $500,000 in October 2024, up 11.1% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $319.5K | +8.3% |
| 3 Bedrooms | $394.9K | $415K | +5.1% |
| 4 Bedrooms | $540K | $571K | +5.7% |
| 5+ Bedrooms | $735K | $620K | -15.6% |
Summary: 07821 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 8.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 15.6%.
Housing Supply in 07821, NJ
How many homes are available in 07821, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 42 | +20.0% |
Summary: The 07821 real estate market had 42 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 07821 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 increased by 33.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07821, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 07821 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 07821, NJ
We’re sorry, we don't have information for this market at the moment
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