$4,155 Closing Credit*
$349,900
780 SqFt
2 Beds
•1 Full Bath
Jillian Fascia, Listing Office: RE/MAX at Barnegat Bay
Is 07843, 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, 07843 was a Seller's Market.
Key Takeaway
07843 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07843, NJ
How much do homes in 07843, NJ cost?
Median Sold Price
$390,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,200(+5.5%)
Key Takeaway
Homes in 07843 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 07843 was $390,000 in November 2024, up 5.5% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $200K | -13.0% |
| 2 Bedrooms | $275K | $320K | +16.4% |
| 3 Bedrooms | $380K | $402K | +5.8% |
| 4 Bedrooms | $422.5K | $471K | +11.5% |
| 5+ Bedrooms | $539K | $567K | +5.2% |
Summary: 07843 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in 07843, NJ
How many homes are available in 07843, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 61 | -12.9% |
Summary: The 07843 real estate market had 61 homes for sale in November 2024, a 12.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 31 | 24 | -22.6% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 07843 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 9 | -62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07843, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 07843 in November 2024, down by 62.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for 07843, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.