$3,551 Closing Credit*
$299,000
1,350 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: SIGNATURE REALTY NJ
Is 07856, 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, 07856 was a Seller's Market.
Key Takeaway
07856 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07856, NJ
How much do homes in 07856, NJ cost?
Median Sold Price
$450,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.3%)
Key Takeaway
Homes in 07856 have sold for 2.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260.5K | $285K | +9.4% |
| 2 Bedrooms | $400K | $440K | +10.0% |
| 3 Bedrooms | $484.5K | $529.9K | +9.4% |
| 4 Bedrooms | $655K | $760K | +16.0% |
| 5+ Bedrooms | $637.5K | - | N/A |
Summary: 07856 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 16%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 07852 | $400K | $455K | +13.8% |
| 07850 | $420K | $470K | +11.9% |
| 07843 | $369.8K | $390K | +5.5% |
| 07856 | $440K | $450K | +2.3% |
Housing Supply in 07856, NJ
How many homes are available in 07856, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Summary: The 07856 real estate market had 24 homes for sale in November 2024, a 33.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 07856 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 increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 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 07856, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in 07856 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07856, NJ
We’re sorry, we don't have information for this market at the moment
