$7,826 Closing Credit*
$659,000
3 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS REALTY
Is 07922, 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, 07922 has remained a Seller's Market.
Key Takeaway
07922 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07922, NJ
How much do homes in 07922, NJ cost?
Median Sold Price
$812,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$91,300(+12.7%)
Key Takeaway
Homes in 07922 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 07922 was $812,000 in October 2024, up 12.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | - | N/A |
| 2 Bedrooms | $425K | $471.5K | +10.9% |
| 3 Bedrooms | $581.5K | $730K | +25.5% |
| 4 Bedrooms | $767.5K | $955.5K | +24.5% |
| 5+ Bedrooms | $985K | $1.0M | +7.2% |
Summary: 07922 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Zip Codes
| 07069 | $825K | $999K | +21.1% |
| 07922 | $720.7K | $812K | +12.7% |
| 07974 | $790K | $845.5K | +7.0% |
| 07092 | $850K | $894K | +5.2% |
Housing Supply in 07922, NJ
How many homes are available in 07922, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Summary: The 07922 real estate market had 29 homes for sale in October 2024, a 9.4% decrease 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 07922 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07922, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 07922 in October 2024, up by 30.0% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for 07922, NJ
We’re sorry, we don't have information for this market at the moment
