Is 07934, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07934 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 07934 was a Seller's Market.

Key Takeaway

07934 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 07934, NJ

How much do homes in 07934, NJ cost?

Median Sold Price

$1,000,000

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$187,500(+23.1%)

Key Takeaway

Homes in 07934 have sold for 23.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$385K
N/A
2 $439.5K-
N/A
3 $607.5K$635K
+4.5%
4 $875K$975K
+11.4%
5+ $946.2K$1.1M
+22.1%

Summary: 07934 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 did not change, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 22.1%.

Median Sold Price Compared To Nearby Zip Codes

07934
+23.1%
07931
+17.8%
07921
+9.5%
07930
+8.8%

Housing Supply in 07934, NJ

How many homes are available in 07934, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1112+9.1%

Summary: The 07934 real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 55
0.0%
4 22
0.0%
5+ 44
0.0%

Summary: The 07934 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07934, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 07934 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 07934, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 07934, NJ

Nearby Markets to 07934, NJ