$7,125 Closing Credit*
$600,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is 07828, 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, 07828 has remained a Seller's Market.
Key Takeaway
07828 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07828, NJ
How much do homes in 07828, NJ cost?
Median Sold Price
$505,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.0%)
Key Takeaway
Homes in 07828 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 07828 was $505,000 in November 2024, up 2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $330K | +3.1% |
| 3 Bedrooms | $385K | $475K | +23.4% |
| 4 Bedrooms | $620K | $610K | -1.6% |
| 5+ Bedrooms | $555K | $837.5K | +50.9% |
Summary: 07828 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 3.1%, 3 bedroom homes increased by 23.4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 50.9%.
Housing Supply in 07828, NJ
How many homes are available in 07828, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Summary: The 07828 real estate market had 27 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 13 | 6 | -53.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 07828 housing inventory by bedroom type for November 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 7.1%, 4 bedroom homes decreased by 53.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07828, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07828 in November 2024, down by 57.1% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 07828, NJ
We’re sorry, we don't have information for this market at the moment
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