$3,206 Closing Credit*
$270,000
Listing Office: WEICHERT REALTORS
Is 07876, 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, 07876 has remained a Seller's Market.
Key Takeaway
07876 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07876, NJ
How much do homes in 07876, NJ cost?
Median Sold Price
$610,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,750(+4.8%)
Key Takeaway
Homes in 07876 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 07876 was $610,000 in November 2024, up 4.8% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $359K | $370K | +3.1% |
| 3 Bedrooms | $488.5K | $551K | +12.8% |
| 4 Bedrooms | $609K | $650K | +6.7% |
| 5+ Bedrooms | $650.7K | $636K | -2.3% |
Summary: 07876 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Zip Codes
| 07852 | $400K | $455K | +13.8% |
| 07836 | $560K | $610K | +8.9% |
| 07876 | $582.2K | $610K | +4.8% |
Housing Supply in 07876, NJ
How many homes are available in 07876, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Summary: The 07876 real estate market had 25 homes for sale in November 2024, a 10.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 07876 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 20%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07876, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 07876 in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07876, NJ
We’re sorry, we don't have information for this market at the moment
