$10,000 Closing Credit*
$1,599,999
4,497 SqFt
5 Beds
•4 Full Baths, 2 Partial
Listing Office: COMPASS NEW JERSEY, LLC
Is 07931, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07931 was a Seller'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
$1,280,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$175,000(+15.8%)
Key Takeaway
Homes in 07931 have sold for 15.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $785K | $767.5K | -2.2% |
| 3 Bedrooms | $589K | $851.6K | +44.6% |
| 4 Bedrooms | $1.1M | $1.0M | -11.1% |
| 5+ Bedrooms | $1.6M | $2.5M | +58.3% |
Summary: 07931 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 44.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 58.3%.
Housing Supply in 07931, NJ
How many homes are available in 07931, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The 07931 real estate market had 29 homes for sale in November 2024, a 3.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 07931 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07931, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 07931 in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 07931, NJ
We’re sorry, we don't have information for this market at the moment
