$4,299 Closing Credit*
$362,000
1,020 SqFt
3 Beds
•1 Full Bath
Listing Office: MODERN REALTY GROUP
Is 07849, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$469,900
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,900(+8.0%)
Key Takeaway
Homes in 07849 have sold for 8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $365.7K | +95.1% |
| 2 Bedrooms | $277.5K | $330K | +18.9% |
| 3 Bedrooms | $425K | $460K | +8.2% |
| 4 Bedrooms | $700K | $725K | +3.6% |
| 5+ Bedrooms | $667.4K | $1.2M | +90.6% |
Summary: 07849 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.1%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 90.6%.
Housing Supply in 07849, NJ
How many homes are available in 07849, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Summary: The 07849 real estate market had 25 homes for sale in November 2024, a 19.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 07849 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07849, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 07849 in November 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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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