$8,758 Closing Credit*
$737,500
4 Beds
•2 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
Is 07853, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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 October 2023
+$50,000(+7.4%)
Key Takeaway
Homes in 07853 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 07853 was $725,000 in October 2024, up 7.4% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585K | - | N/A |
| 2 Bedrooms | $412K | $607.5K | +47.5% |
| 3 Bedrooms | $500K | $536.2K | +7.2% |
| 4 Bedrooms | $711K | $750K | +5.5% |
| 5+ Bedrooms | $805K | $975K | +21.1% |
Summary: 07853 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 47.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 21.1%.
Housing Supply in 07853, NJ
How many homes are available in 07853, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 44 | +15.8% |
Summary: The 07853 real estate market had 44 homes for sale in October 2024, a 15.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 07853 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 increased by 33.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07853, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 07853 in October 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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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