$514,500
19.93 Acres
Land
Listing Office: COLDWELL BANKER REALTY
Is 07860, 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, 07860 has remained a Seller's Market.
Key Takeaway
07860 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07860, NJ
How much do homes in 07860, NJ cost?
Median Sold Price
$397,300
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,300(+12.9%)
Key Takeaway
Homes in 07860 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 07860 was $397,300 in October 2024, up 12.9% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $250K | +19.0% |
| 2 Bedrooms | $275K | $325K | +18.2% |
| 3 Bedrooms | $350K | $388K | +10.9% |
| 4 Bedrooms | $450K | $500K | +11.1% |
| 5+ Bedrooms | $632.8K | $615K | -2.8% |
Summary: 07860 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 07860, NJ
How many homes are available in 07860, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 119 | 131 | +10.1% |
Summary: The 07860 real estate market had 131 homes for sale in October 2024, a 10.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 47 | 53 | +12.8% |
| 4 Bedrooms | 37 | 43 | +16.2% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 07860 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 decreased by 4.5%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 30 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07860, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 07860 in October 2024, up by 50.0% month-over-month. Of the 30 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for 07860, NJ
How long does it take to sell a home in 07860, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 27 Days | -65.2% |
Summary: Homes in 07860 had an average of 27 days on market in Oct 2024, down by 65.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07860 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 07860; 3% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.