$3,859 Closing Credit*
$325,000
1,100 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX HERITAGE PROPERTIES
Is 07850, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 07850 has remained a Seller's Market.
Key Takeaway
07850 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07850, NJ
How much do homes in 07850, NJ cost?
Median Sold Price
$470,000
-
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$49,500(+11.8%)
Key Takeaway
Homes in 07850 have sold for 11.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $343.5K | +5.7% |
| 3 Bedrooms | $390K | $505K | +29.5% |
| 4 Bedrooms | $505K | $505K | 0.0% |
| 5+ Bedrooms | - | $430K | N/A |
Summary: 07850 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 29.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07852 | $400K | $475K | +18.8% |
| 07850 | $420.5K | $470K | +11.8% |
| 07843 | $370K | $400K | +8.1% |
| 07856 | $445K | $450K | +1.1% |
Housing Supply in 07850, NJ
How many homes are available in 07850, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The 07850 real estate market had 15 homes for sale in December 2024, a 6.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07850 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07850, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 07850 in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 07850, NJ
We’re sorry, we don't have information for this market at the moment
