$5,344 Closing Credit*
$450,000
2 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 October 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
$807,500
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$73,416(+10.0%)
Key Takeaway
Homes in 07920 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 07920 was $807,500 in October 2024, up 10% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | $319K | +9.1% |
| 2 Bedrooms | $406K | $485K | +19.5% |
| 3 Bedrooms | $670.5K | $760K | +13.3% |
| 4 Bedrooms | $985K | $1.2M | +21.8% |
| 5+ Bedrooms | $1.4M | $1.5M | +10.9% |
Summary: 07920 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in 07920, NJ
How many homes are available in 07920, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 102 | -2.9% |
Summary: The 07920 real estate market had 102 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 25 | 24 | -4.0% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 31 | 25 | -19.4% |
| 5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The 07920 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 4%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07920, you could pay more than the asking price. 75.8% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 07920 in October 2024, the same as the previous month. Of the 33 sold homes, 18% were sold under asking, 6% were sold at asking, and 76% were sold over asking.
Days on Market for 07920, NJ
How long does it take to sell a home in 07920, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07920 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 07920; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
