$10,000 Closing Credit*
$999,999
5,911 SqFt
6 Beds
•4 Full Baths
Listing Office: KELLER WILLIAMS METROPOLITAN
Is 07848, 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, 07848 was a Seller's Market.
Key Takeaway
07848 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07848, NJ
How much do homes in 07848, NJ cost?
Median Sold Price
$420,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$60,000(-12.5%)
Key Takeaway
Homes in 07848 have sold for 12.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $230K | +22.7% |
| 2 Bedrooms | $290K | $318K | +9.7% |
| 3 Bedrooms | $305K | $425K | +39.3% |
| 4 Bedrooms | $630K | $670K | +6.3% |
| 5+ Bedrooms | $695K | $730K | +5.0% |
Summary: 07848 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 5%.
Housing Supply in 07848, NJ
How many homes are available in 07848, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Summary: The 07848 real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07848 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07848, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 07848 in November 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 07848, NJ
We’re sorry, we don't have information for this market at the moment
