$10,000 Closing Credit*
$1,199,000
2 Beds
•2 Full Baths, 2 Partial
Listing Office: TURPIN REAL ESTATE, INC.
Is 07945, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 07945 was a Seller's Market.
Key Takeaway
07945 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07945, NJ
How much do homes in 07945, NJ cost?
Median Sold Price
$1,090,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$265,000(+32.1%)
Key Takeaway
Homes in 07945 have sold for 32.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $600K | N/A |
| 2 Bedrooms | $514K | $538K | +4.7% |
| 3 Bedrooms | $600K | $729K | +21.5% |
| 4 Bedrooms | $855K | $1.1M | +36.8% |
| 5+ Bedrooms | $1.5M | $1.3M | -16.5% |
Summary: 07945 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 4.7%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 07945, NJ
How many homes are available in 07945, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 48 | +2.1% |
Summary: The 07945 real estate market had 48 homes for sale in October 2024, a 2.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The 07945 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07945, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07945 in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07945, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.