$39,000
1.65 Acres
Land
Listing Office: KELLER WILLIAMS INTEGRITY
Is 07860, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$394,225
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,225(+12.0%)
Key Takeaway
Homes in 07860 have sold for 12% more than they did a year ago.
Summary: The median home sold price in 07860 was $394,225 in November 2024, up 12% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $250K | +47.1% |
| 2 Bedrooms | $285K | $330K | +15.8% |
| 3 Bedrooms | $350.4K | $388.9K | +11.0% |
| 4 Bedrooms | $458K | $500K | +9.2% |
| 5+ Bedrooms | $601.6K | $615K | +2.2% |
Summary: 07860 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.1%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 07860, NJ
How many homes are available in 07860, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 119 | 111 | -6.7% |
Summary: The 07860 real estate market had 111 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 51 | 49 | -3.9% |
| 4 Bedrooms | 35 | 30 | -14.3% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 07860 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 21 | -34.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07860, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 07860 in November 2024, down by 34.4% month-over-month. Of the 21 sold homes, 14% were sold under asking, 19% were sold at asking, and 67% were sold over asking.
Days on Market for 07860, NJ
We’re sorry, we don't have information for this market at the moment
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