$5,700 Closing Credit*
$480,000
3,840 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: REAL
Is 07825, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 07825 was a Seller's Market.
Key Takeaway
07825 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 December 2023
+$65,500(+14.6%)
Key Takeaway
Homes in 07825 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 07825 was $515,000 in December 2024, up 14.6% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $244.9K | $335K | +36.8% |
| 3 Bedrooms | $399K | $510K | +27.8% |
| 4 Bedrooms | $539K | $567.5K | +5.3% |
| 5+ Bedrooms | $615K | $610K | -0.8% |
Summary: 07825 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Zip Codes
| 07832 | $425K | $499K | +17.4% |
| 07825 | $449.5K | $515K | +14.6% |
Housing Supply in 07825, NJ
How many homes are available in 07825, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 39 | 33 | -15.4% |
Summary: The 07825 real estate market had 33 homes for sale in December 2024, a 15.4% 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 | 5 | 1 | -80.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 07825 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 decreased by 80%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 3 | -75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07825, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 07825 in December 2024, down by 75.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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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