$6,828 Closing Credit*
$575,000
3 Beds
•2 Full Baths
Listing Office: RE/MAX SELECT
Is 07981, 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, 07981 was a Seller's Market.
Key Takeaway
07981 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07981, NJ
How much do homes in 07981, NJ cost?
Median Sold Price
$651,800
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,800(+9.4%)
Key Takeaway
Homes in 07981 have sold for 9.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $353K | - | N/A |
| 2 Bedrooms | $472K | $532.5K | +12.8% |
| 3 Bedrooms | $600K | $651.8K | +8.6% |
| 4 Bedrooms | $695K | $845K | +21.6% |
| 5+ Bedrooms | $970K | $1.7M | +81.4% |
Summary: 07981 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 12.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 81.4%.
Housing Supply in 07981, NJ
How many homes are available in 07981, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Summary: The 07981 real estate market had 28 homes for sale in October 2024, a 21.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 07981 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 increased by 14.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07981, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 07981 in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07981, NJ
We’re sorry, we don't have information for this market at the moment
