$5,699 Closing Credit*
$479,900
3 Beds
•1 Full Bath
Listing Office: WEICHERT REALTORS
Is 07847, 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, 07847 has remained a Seller's Market.
Key Takeaway
07847 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07847, NJ
How much do homes in 07847, NJ cost?
Median Sold Price
$475,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.4%)
Key Takeaway
Homes in 07847 have sold for 4.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $367.5K | $420K | +14.3% |
| 3 Bedrooms | $480K | $485K | +1.0% |
| 4 Bedrooms | $440.5K | $507.5K | +15.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 07847 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07852 | $389.5K | $456.2K | +17.1% |
| 07876 | $577K | $607.5K | +5.3% |
| 07847 | $455K | $475K | +4.4% |
Housing Supply in 07847, NJ
How many homes are available in 07847, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The 07847 real estate market had 8 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 07847 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07847, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 07847 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07847, NJ
We’re sorry, we don't have information for this market at the moment
