$3,799 Closing Credit*
$319,900
3 Beds
•2 Full Baths
Listing Office: REALTY EXECUTIVES EXCEPTIONAL
Is 07850, 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, 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 October 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 | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $342.5K | +5.4% |
| 3 Bedrooms | $390K | $505K | +29.5% |
| 4 Bedrooms | $505K | $505K | 0.0% |
| 5+ Bedrooms | $934.9K | $430K | -54.0% |
Summary: 07850 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 29.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 54%.
Median Sold Price Compared To Nearby Zip Codes
| 07852 | $389.5K | $456.2K | +17.1% |
| 07850 | $420.5K | $470K | +11.8% |
| 07843 | $367.6K | $400K | +8.8% |
Housing Supply in 07850, NJ
How many homes are available in 07850, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The 07850 real estate market had 18 homes for sale in October 2024, a 20.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 07850 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07850, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 07850 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07850, NJ
We’re sorry, we don't have information for this market at the moment
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