$10,000 Closing Credit*
$1,525,000
3,922 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
Is 07981, 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, 07981 has remained a Seller's Market.
Key Takeaway
07981 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07981, NJ
How much do homes in 07981, NJ cost?
Median Sold Price
$667,500
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$77,500(+13.1%)
Key Takeaway
Homes in 07981 have sold for 13.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $353K | - | N/A |
| 2 Bedrooms | $478.5K | $541.2K | +13.1% |
| 3 Bedrooms | $590K | $662.5K | +12.3% |
| 4 Bedrooms | $675K | $860K | +27.4% |
| 5+ Bedrooms | $1.0M | $1.7M | +62.2% |
Summary: 07981 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 62.2%.
Housing Supply in 07981, NJ
How many homes are available in 07981, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The 07981 real estate market had 29 homes for sale in November 2024, a 7.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07981 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 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 10 homes were sold or pending in 07981 in November 2024, up by 233.3% month-over-month. Of the 10 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
