$5,936 Closing Credit*
$499,900
2,640 SqFt
5 Beds
•3 Full Baths
Listing Office: WEICHERT REALTORS
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
