$8,312 Closing Credit*
$699,990
4 Beds
•2 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
Is 07871, 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, 07871 has remained a Seller's Market.
Key Takeaway
07871 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07871, NJ
How much do homes in 07871, NJ cost?
Median Sold Price
$570,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,833(+8.5%)
Key Takeaway
Homes in 07871 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 07871 was $570,000 in November 2024, up 8.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $300K | +17.6% |
| 2 Bedrooms | $350K | $363K | +3.7% |
| 3 Bedrooms | $455K | $490K | +7.7% |
| 4 Bedrooms | $675K | $675K | 0.0% |
| 5+ Bedrooms | $921.5K | $938.8K | +1.9% |
Summary: 07871 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 07871, NJ
How many homes are available in 07871, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 100 | +3.1% |
Summary: The 07871 real estate market had 100 homes for sale in November 2024, a 3.1% 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 38 | 35 | -7.9% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 07871 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 remained the same, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07871, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 07871 in November 2024, up by 17.6% month-over-month. Of the 20 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 07871, NJ
We’re sorry, we don't have information for this market at the moment
