$2,838 Closing Credit*
$239,000
1 Bed
•1 Full Bath
Listing Office: EXIT NEIGHBORHOOD REALTY
Is 07840, 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, 07840 has remained a Seller's Market.
Key Takeaway
07840 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07840, NJ
How much do homes in 07840, NJ cost?
Median Sold Price
$467,500
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,500(+15.4%)
Key Takeaway
Homes in 07840 have sold for 15.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $250K | +16.3% |
| 2 Bedrooms | $300K | $345K | +15.0% |
| 3 Bedrooms | $415K | $480K | +15.7% |
| 4 Bedrooms | $515K | $560K | +8.7% |
| 5+ Bedrooms | $589.5K | $780K | +32.3% |
Summary: 07840 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 32.3%.
Housing Supply in 07840, NJ
How many homes are available in 07840, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 100 | +1.0% |
Summary: The 07840 real estate market had 100 homes for sale in October 2024, a 1.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 23 | 19 | -17.4% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 43 | 45 | +4.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 07840 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07840, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 07840 in October 2024, down by 7.7% month-over-month. Of the 24 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for 07840, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.