$500,000
0.68 Acres
Land
Listing Office: KELLER WILLIAMS METROPOLITAN
Is 07960, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 07960 has remained a Seller's Market.
Key Takeaway
07960 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07960, NJ
How much do homes in 07960, NJ cost?
Median Sold Price
$835,000
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,333(+10.9%)
Key Takeaway
Homes in 07960 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 07960 was $835,000 in November 2024, up 10.9% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322K | $340K | +5.6% |
| 2 Bedrooms | $555K | $580K | +4.5% |
| 3 Bedrooms | $705K | $792.5K | +12.4% |
| 4 Bedrooms | $845K | $932K | +10.3% |
| 5+ Bedrooms | $1.1M | $1.3M | +18.8% |
Summary: 07960 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Zip Codes
| 07960 | $752.6K | $835K | +10.9% |
| 07950 | $645K | $700K | +8.5% |
Housing Supply in 07960, NJ
How many homes are available in 07960, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 | 118 | -13.2% |
Summary: The 07960 real estate market had 118 homes for sale in November 2024, a 13.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 3 | -57.1% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 46 | 35 | -23.9% |
| 4 Bedrooms | 36 | 35 | -2.8% |
| 5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The 07960 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 57.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 23.9%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 27 | -20.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07960, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 07960 in November 2024, down by 20.6% month-over-month. Of the 27 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for 07960, NJ
We’re sorry, we don't have information for this market at the moment
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