$210,000
6.35 Acres
Land
Listing Office: HOMEZU
Is 07865, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 07865 has remained a Seller's Market.
Key Takeaway
07865 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07865, NJ
How much do homes in 07865, NJ cost?
Median Sold Price
$540,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$152,750(+39.4%)
Key Takeaway
Homes in 07865 have sold for 39.4% more than they did a year ago.
Summary: The median home sold price in 07865 was $540,000 in December 2024, up 39.4% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $505.7K | +60.5% |
| 3 Bedrooms | $377.2K | $480K | +27.2% |
| 4 Bedrooms | $489K | $686.3K | +40.3% |
| 5+ Bedrooms | $782.5K | - | N/A |
Summary: 07865 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.5%, 3 bedroom homes increased by 27.2%, 4 bedroom homes increased by 40.3%, and 5+ bedroom homes did not change.
Housing Supply in 07865, NJ
How many homes are available in 07865, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The 07865 real estate market had 10 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 07865 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07865, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 07865 in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 07865, NJ
How long does it take to sell a home in 07865, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07865 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in 07865; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
