$3,850,000
5,242 SqFt
2 Beds
•3 Full Baths, 1 Partial
Listing Office: TURPIN REAL ESTATE, INC.
Is 07931, 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, 07931 has remained a Buyer's Market.
Key Takeaway
07931 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07931, NJ
How much do homes in 07931, NJ cost?
Median Sold Price
$1,310,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$197,500(+17.8%)
Key Takeaway
Homes in 07931 have sold for 17.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $785K | $775K | -1.3% |
| 3 Bedrooms | $589K | $851.6K | +44.6% |
| 4 Bedrooms | $1.2M | $1.1M | -12.0% |
| 5+ Bedrooms | $1.6M | $2.4M | +47.5% |
Summary: 07931 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 decreased by 1.3%, 3 bedroom homes increased by 44.6%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 47.5%.
Housing Supply in 07931, NJ
How many homes are available in 07931, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Summary: The 07931 real estate market had 31 homes for sale in October 2024, a 29.2% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 9 | 16 | +77.8% |
Summary: The 07931 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 77.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07931, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 07931 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 07931, NJ
We’re sorry, we don't have information for this market at the moment
