$6,994 Closing Credit*
$589,000
2 Beds
•2 Full Baths, 1 Partial
Listing Office: YOUR TOWN REALTY
Is 07921, 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, 07921 has remained a Seller's Market.
Key Takeaway
07921 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07921, NJ
How much do homes in 07921, NJ cost?
Median Sold Price
$490,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+8.9%)
Key Takeaway
Homes in 07921 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 07921 was $490,000 in November 2024, up 8.9% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.5K | $298K | +9.4% |
| 2 Bedrooms | $427.5K | $445K | +4.1% |
| 3 Bedrooms | $626.9K | $675K | +7.7% |
| 4 Bedrooms | $969.9K | $940K | -3.1% |
| 5+ Bedrooms | $999.9K | $1.6M | +67.5% |
Summary: 07921 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 67.5%.
Housing Supply in 07921, NJ
How many homes are available in 07921, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 41 | -12.8% |
Summary: The 07921 real estate market had 41 homes for sale in November 2024, a 12.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 27 | 21 | -22.2% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 07921 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07921, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 07921 in November 2024, down by 25.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.
Days on Market for 07921, NJ
We’re sorry, we don't have information for this market at the moment
