Is 07834, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07834 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 07834 has remained a Seller's Market.

Key Takeaway

07834 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 07834, NJ

How much do homes in 07834, NJ cost?

Median Sold Price

$589,000

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,000(+1.6%)

Key Takeaway

Homes in 07834 have sold for 1.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $255K$287.5K
+12.7%
2 $412.5K$470K
+13.9%
3 $540K$576.7K
+6.8%
4 $655K$709.8K
+8.4%
5+ $898.5K$999.9K
+11.3%

Summary: 07834 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

07046
+15.4%
07866
+14.0%
07950
+10.2%
07834
+1.6%

Housing Supply in 07834, NJ

How many homes are available in 07834, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5767+17.5%

Summary: The 07834 real estate market had 67 homes for sale in October 2024, a 17.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1012
+20.0%
3 2330
+30.4%
4 1617
+6.3%
5+ 88
0.0%

Summary: The 07834 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 increased by 30.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13130.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07834, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in 07834 in October 2024, the same as the previous month. Of the 13 sold homes, 8% were sold under asking, 23% were sold at asking, and 69% were sold over asking.

Days on Market for 07834, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 07834, NJ

Nearby Markets to 07834, NJ