$7,481 Closing Credit*
$630,000
3 Beds
•3 Full Baths, 1 Partial
Youngjoo Sung, Listing Office: RE/MAX Now
Is 07828, 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, 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
$480,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-2.0%)
Key Takeaway
Homes in 07828 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 07828 was $480,000 in October 2024, down 2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249K | - | N/A |
| 2 Bedrooms | $335K | $320K | -4.5% |
| 3 Bedrooms | $385K | $471.5K | +22.5% |
| 4 Bedrooms | $600K | $610K | +1.7% |
| 5+ Bedrooms | $550K | $837.5K | +52.3% |
Summary: 07828 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 decreased by 4.5%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 52.3%.
Housing Supply in 07828, NJ
How many homes are available in 07828, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Summary: The 07828 real estate market had 33 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 07828 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07828, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 07828 in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% 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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