$5,878 Closing Credit*
$495,000
3 Beds
•2 Full Baths
Cesar Rosado, Listing Office: Elite Realtors of New Jersey
Is 07840, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07840 was a Seller's Market.
Key Takeaway
07840 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07840, NJ
How much do homes in 07840, NJ cost?
Median Sold Price
$461,500
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,500(+12.6%)
Key Takeaway
Homes in 07840 have sold for 12.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $251K | +16.7% |
| 2 Bedrooms | $303.7K | $345K | +13.6% |
| 3 Bedrooms | $420K | $480K | +14.3% |
| 4 Bedrooms | $522.5K | $568K | +8.7% |
| 5+ Bedrooms | $589.5K | $839.9K | +42.5% |
Summary: 07840 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 42.5%.
Housing Supply in 07840, NJ
How many homes are available in 07840, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 81 | -10.0% |
Summary: The 07840 real estate market had 81 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 18 | 9 | -50.0% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 38 | 40 | +5.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 07840 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 7 | -73.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07840, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07840 in November 2024, down by 73.1% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for 07840, NJ
We’re sorry, we don't have information for this market at the moment
