$4,749 Closing Credit*
$399,900
2 Beds
•1 Full Bath
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 October 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
$607,500
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,500(+5.3%)
Key Takeaway
Homes in 07876 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 07876 was $607,500 in October 2024, up 5.3% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $357K | $370K | +3.6% |
| 3 Bedrooms | $490K | $551K | +12.4% |
| 4 Bedrooms | $605K | $650K | +7.4% |
| 5+ Bedrooms | $650.7K | $640K | -1.7% |
Summary: 07876 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Zip Codes
| 07852 | $389.5K | $456.2K | +17.1% |
| 07836 | $557.5K | $609.5K | +9.3% |
| 07876 | $577K | $607.5K | +5.3% |
| 07847 | $455K | $475K | +4.4% |
Housing Supply in 07876, NJ
How many homes are available in 07876, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The 07876 real estate market had 28 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 07876 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07876, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 07876 in October 2024, the same as the previous month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for 07876, NJ
We’re sorry, we don't have information for this market at the moment
