The 07001 housing market is somewhat competitive. The median sale price of a home in 07001 was $463K last month, up 5.1% since last year. The median sale price per square foot in 07001 is $390, up 24.4% since last year.
In October 2024, 07001 home prices were up 5.1% compared to last year, selling for a median price of $463K. On average, homes in 07001 sell after 62 days on the market compared to 57 days last year. There were 26 homes sold in October this year, up from 25 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$462,500
+5.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
07001, NJ
$462,500
+5.1%
United States
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How hot is the 07001 housing market?
07001 is somewhat competitive. Homes sell in 61 days.
0
100
59
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 5% above list price and go pending in around 61 days.
Hot homes
can sell for about 10% above list price and go pending in around 43 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 07001 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07001.
Flood Factor - Minor
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07001 has a minor risk of flooding. 258 properties in 07001 are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in 07001. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
07001 has a moderate risk of wildfire. There are 30 properties in 07001 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 07001.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07001 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07001 is most at risk from hurricanes. 3,277 properties in 07001 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 86 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 99 mph.