$8,312 Closing Credit*
$699,999
3 Beds
•2 Full Baths
Listing Office: WEICHERT REALTORS
Is 07920, 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, 07920 has remained a Seller's Market.
Key Takeaway
07920 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07920, NJ
How much do homes in 07920, NJ cost?
Median Sold Price
$816,000
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62,666(+8.3%)
Key Takeaway
Homes in 07920 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 07920 was $816,000 in November 2024, up 8.3% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $322.5K | +11.2% |
| 2 Bedrooms | $414K | $485K | +17.1% |
| 3 Bedrooms | $685K | $759.5K | +10.9% |
| 4 Bedrooms | $999.4K | $1.1M | +16.2% |
| 5+ Bedrooms | $1.4M | $1.5M | +8.4% |
Summary: 07920 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in 07920, NJ
How many homes are available in 07920, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 82 | -17.2% |
Summary: The 07920 real estate market had 82 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 27 | 16 | -40.7% |
| 4 Bedrooms | 22 | 16 | -27.3% |
| 5+ Bedrooms | 23 | 20 | -13.0% |
Summary: The 07920 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 increased by 12.5%, 3 bedroom homes decreased by 40.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 21 | -41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07920, you could pay more than the asking price. 76.2% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 07920 in November 2024, down by 41.7% month-over-month. Of the 21 sold homes, 19% were sold under asking, 5% were sold at asking, and 76% were sold over asking.
Days on Market for 07920, NJ
We’re sorry, we don't have information for this market at the moment
