$4,453 Closing Credit*
$375,000
3 Beds
•2 Full Baths
Listing Office: COMPASS OF NEW JERSEY
Is 07866, 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, 07866 has remained a Seller's Market.
Key Takeaway
07866 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07866, NJ
How much do homes in 07866, NJ cost?
Median Sold Price
$513,500
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$63,500(+14.1%)
Key Takeaway
Homes in 07866 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 07866 was $513,500 in November 2024, up 14.1% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $343.2K | +9.0% |
| 2 Bedrooms | $406.6K | $450K | +10.7% |
| 3 Bedrooms | $435K | $513K | +17.9% |
| 4 Bedrooms | $540K | $657.5K | +21.8% |
| 5+ Bedrooms | $662.5K | $755K | +14.0% |
Summary: 07866 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 14%.
Housing Supply in 07866, NJ
How many homes are available in 07866, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 82 | -7.9% |
Summary: The 07866 real estate market had 82 homes for sale in November 2024, a 7.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 23 | 16 | -30.4% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 07866 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 30.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 15 | -46.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07866, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 07866 in November 2024, down by 46.4% month-over-month. Of the 15 sold homes, 13% were sold under asking, 20% were sold at asking, and 67% were sold over asking.
Days on Market for 07866, NJ
We’re sorry, we don't have information for this market at the moment
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 Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.