The 07011 housing market is very competitive. The median sale price of a home in 07011 was $579K last month, up 12.8% since last year. The median sale price per square foot in 07011 is $409, up 15.7% since last year.
In November 2024, 07011 home prices were up 12.8% compared to last year, selling for a median price of $579K. On average, homes in 07011 sell after 24 days on the market compared to 42 days last year. There were 46 homes sold in November this year, down from 48 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$578,500
+12.8% YoY | Nov 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Nov 2024
Growth
% YoY
07011, NJ
$578,500
+12.8%
United States
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How hot is the 07011 housing market?
07011 is very competitive. Homes sell in 25 days.
0
100
86
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 9% above list price and go pending in around 25 days.
Hot homes
can sell for about 15% above list price and go pending in around 15 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 07011 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07011.
Flood Factor - Moderate
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07011 has a moderate risk of flooding. 1,320 properties in 07011 are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in 07011. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07011 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07011 is most at risk from hurricanes. 8,325 properties in 07011 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 78 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 87 mph.