$6,709 Closing Credit*
$565,000
2 Beds
•1 Full Bath
Listing Office: KELLER WILLIAMS REALTY
Is 07901, 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, 07901 has remained a Seller's Market.
Key Takeaway
07901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07901, NJ
How much do homes in 07901, NJ cost?
Median Sold Price
$1,250,000
$588/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+8.7%)
Key Takeaway
Homes in 07901 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 07901 was $1,250,000 in November 2024, up 8.7% from last year, and the median price per square foot was $588.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $285K | -8.1% |
| 2 Bedrooms | $475K | $629.8K | +32.6% |
| 3 Bedrooms | $803K | $937.5K | +16.7% |
| 4 Bedrooms | $1.3M | $1.3M | +1.9% |
| 5+ Bedrooms | $2.0M | $1.9M | -5.1% |
Summary: 07901 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.1%, 2 bedroom homes increased by 32.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in 07901, NJ
How many homes are available in 07901, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 55 | +12.2% |
Summary: The 07901 real estate market had 55 homes for sale in November 2024, a 12.2% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The 07901 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 remained the same, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07901, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 07901 in November 2024, up by 22.2% month-over-month. Of the 11 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for 07901, NJ
We’re sorry, we don't have information for this market at the moment
