$6,056 Closing Credit*
$510,000
2 Beds
•2 Full Baths
Listing Office: HOMESMART FIRST ADVANTAGE
Is 07832, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 07832 has remained a Seller's Market.
Key Takeaway
07832 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07832, NJ
How much do homes in 07832, NJ cost?
Median Sold Price
$499,000
-
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$74,000(+17.4%)
Key Takeaway
Homes in 07832 have sold for 17.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $343.2K | $375K | +9.2% |
| 3 Bedrooms | $415K | $410K | -1.2% |
| 4 Bedrooms | $456K | $533K | +16.9% |
| 5+ Bedrooms | $450K | $705K | +56.7% |
Summary: 07832 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 9.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 56.7%.
Median Sold Price Compared To Nearby Zip Codes
| 07832 | $425K | $499K | +17.4% |
| 07825 | $449.5K | $515K | +14.6% |
Housing Supply in 07832, NJ
How many homes are available in 07832, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The 07832 real estate market had 18 homes for sale in December 2024, a 10.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 07832 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07832, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07832 in December 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07832, NJ
We’re sorry, we don't have information for this market at the moment
