$10,000 Closing Credit*
$998,500
3 Beds
•3 Full Baths
Listing Office: REALTY EXECUTIVES PROPERTY SQUAD
Is 07849, 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, 07849 has remained a Seller's Market.
Key Takeaway
07849 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07849, NJ
How much do homes in 07849, NJ cost?
Median Sold Price
$461,250
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,250(+4.8%)
Key Takeaway
Homes in 07849 have sold for 4.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $195K | +44.4% |
| 2 Bedrooms | $280K | $312.5K | +11.6% |
| 3 Bedrooms | $422K | $460K | +9.0% |
| 4 Bedrooms | $677K | $727K | +7.4% |
| 5+ Bedrooms | $667.4K | $769K | +15.2% |
Summary: 07849 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 15.2%.
Housing Supply in 07849, NJ
How many homes are available in 07849, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Summary: The 07849 real estate market had 32 homes for sale in October 2024, a 18.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 07849 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 increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07849, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 07849 in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for 07849, NJ
We’re sorry, we don't have information for this market at the moment
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