$8,549 Closing Credit*
$719,900
4 Beds
•4 Full Baths
Listing Office: KELLER WILLIAMS METROPOLITAN
Is 07950, 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, 07950 has remained a Seller's Market.
Key Takeaway
07950 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07950, NJ
How much do homes in 07950, NJ cost?
Median Sold Price
$690,763
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$63,763(+10.2%)
Key Takeaway
Homes in 07950 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 07950 was $690,763 in October 2024, up 10.2% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $343.7K | +9.1% |
| 2 Bedrooms | $520.5K | $565K | +8.5% |
| 3 Bedrooms | $620.2K | $682.5K | +10.0% |
| 4 Bedrooms | $703K | $749.9K | +6.7% |
| 5+ Bedrooms | $906.2K | $965K | +6.5% |
Summary: 07950 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 07950, NJ
How many homes are available in 07950, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 76 | +28.8% |
Summary: The 07950 real estate market had 76 homes for sale in October 2024, a 28.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 7 | 14 | +100.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 07950 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07950, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 07950 in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for 07950, NJ
How long does it take to sell a home in 07950, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07950 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 07950; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
