$10,000 Closing Credit*
$1,300,000
7 Beds
•4 Full Baths, 1 Partial
Listing Office: SERHANT NEW JERSEY LLC
Is 07901, 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, 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
$1,262,500
$588/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$112,500(+9.8%)
Key Takeaway
Homes in 07901 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 07901 was $1,262,500 in October 2024, up 9.8% from last year, and the median price per square foot was $588.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $285K | -8.1% |
| 2 Bedrooms | $465K | $590K | +26.9% |
| 3 Bedrooms | $825K | $908.5K | +10.1% |
| 4 Bedrooms | $1.3M | $1.3M | +2.3% |
| 5+ Bedrooms | $1.9M | $1.9M | -3.6% |
Summary: 07901 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.1%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in 07901, NJ
How many homes are available in 07901, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 52 | +18.2% |
Summary: The 07901 real estate market had 52 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 8 | 15 | +87.5% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The 07901 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07901, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 07901 in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.
Days on Market for 07901, 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.