$8,609 Closing Credit*
$725,000
4,152 SqFt
4 Beds
•4 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
Is 07825, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 07825 has remained a Seller's Market.
Key Takeaway
07825 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07825, NJ
How much do homes in 07825, NJ cost?
Median Sold Price
$515,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$77,500(+17.7%)
Key Takeaway
Homes in 07825 have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in 07825 was $515,000 in October 2024, up 17.7% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $325K | +8.3% |
| 3 Bedrooms | $386K | $500K | +29.5% |
| 4 Bedrooms | $505K | $550K | +8.9% |
| 5+ Bedrooms | $595K | $610K | +2.5% |
Summary: 07825 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 29.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Zip Codes
| 07825 | $437.5K | $515K | +17.7% |
| 07838 | $469K | $430K | -8.3% |
Housing Supply in 07825, NJ
How many homes are available in 07825, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 50 | -2.0% |
Summary: The 07825 real estate market had 50 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 07825 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 20%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07825, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 07825 in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for 07825, NJ
We’re sorry, we don't have information for this market at the moment
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.