$5,341 Closing Credit*
$449,800
3 Beds
•2 Full Baths
Listing Office: SIGNATURE REALTY NJ
Is 07821, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 07821 has remained a Seller's Market.
Key Takeaway
07821 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 November 2023
+$51,500(+11.5%)
Key Takeaway
Homes in 07821 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 07821 was $500,000 in November 2024, up 11.5% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210.9K | N/A |
| 2 Bedrooms | $298K | $320K | +7.4% |
| 3 Bedrooms | $387.4K | $427.4K | +10.3% |
| 4 Bedrooms | $576K | $571K | -0.9% |
| 5+ Bedrooms | $636.5K | $852.5K | +33.9% |
Summary: 07821 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 33.9%.
Housing Supply in 07821, NJ
How many homes are available in 07821, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The 07821 real estate market had 40 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 07821 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07821, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 07821 in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for 07821, NJ
We’re sorry, we don't have information for this market at the moment
