The 07029 housing market is somewhat competitive. Homes in 07029 receive 9 offers on average and sell in around 74 days. The median sale price of a home in 07029 was $723K last month, up 49.0% since last year. The median sale price per square foot in 07029 is $470, up 2.4% since last year.
In March 2024, 07029 home prices were up 49.0% compared to last year, selling for a median price of $723K. On average, homes in 07029 sell after 74 days on the market compared to 64 days last year. There were 12 homes sold in March this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$722,500
+49.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07029, NJ
$722,500
+49.0%
United States
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How hot is the 07029 housing market?
07029 is somewhat competitive. Homes sell in 71 days.
0
100
57
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 6 months
Some homes get multiple offers.
The average homes sell for about 3% above list price and go pending in around 71 days.
Hot homes
can sell for about 9% above list price and go pending in around 48 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 07029 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07029.
Risk Factor
Flood Factor - Severe
38% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07029 has a severe risk of flooding. 861 properties in 07029 are likely to be
severely affected
by flooding over the next 30 years. This represents 38% of all properties in 07029. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
07029 has a minor risk of wildfire. There are 2 properties in 07029 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 07029.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07029 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07029 is most at risk from hurricanes. 3,032 properties in 07029 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 88 mph.