$5,688 Closing Credit*
$479,000
3 Beds
•2 Full Baths
Diane Albalah, Listing Office: DLA Realty and Management Co. LLC
Is 07853, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07853 was a Seller's Market.
Key Takeaway
07853 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07853, NJ
How much do homes in 07853, NJ cost?
Median Sold Price
$725,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,500(+6.2%)
Key Takeaway
Homes in 07853 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 07853 was $725,000 in November 2024, up 6.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585K | - | N/A |
| 2 Bedrooms | $412K | $578.7K | +40.5% |
| 3 Bedrooms | $500K | $547.5K | +9.5% |
| 4 Bedrooms | $715K | $750K | +4.9% |
| 5+ Bedrooms | $800K | $987.4K | +23.4% |
Summary: 07853 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 23.4%.
Housing Supply in 07853, NJ
How many homes are available in 07853, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The 07853 real estate market had 43 homes for sale in November 2024, a 4.9% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 07853 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07853, 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 07853 in November 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 07853, NJ
We’re sorry, we don't have information for this market at the moment
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