$3,563 Closing Credit*
$300,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: CLEARVIEW REALTY
Is 07848, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07848 was a Neutral Market.
Key Takeaway
07848 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07848, NJ
How much do homes in 07848, NJ cost?
Median Sold Price
$425,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,000(-4.5%)
Key Takeaway
Homes in 07848 have sold for 4.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $230K | +22.7% |
| 2 Bedrooms | $290K | $316.5K | +9.1% |
| 3 Bedrooms | $371.1K | $397.5K | +7.1% |
| 4 Bedrooms | $635K | $669K | +5.4% |
| 5+ Bedrooms | $695K | $827.5K | +19.1% |
Summary: 07848 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 19.1%.
Housing Supply in 07848, NJ
How many homes are available in 07848, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The 07848 real estate market had 26 homes for sale in October 2024, a 23.8% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 4 | 9 | +125.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 07848 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 125%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07848, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07848 in October 2024, up by 600.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for 07848, NJ
We’re sorry, we don't have information for this market at the moment
