Joseph Daoud, Listing Office: Coldwell Banker, Clifton
07871 Housing Market Report December 2024•Sussex County, New Jersey
Housing Prices in 07871, NJ
How much do homes in 07871, NJ cost?
Housing Market Conditions
Is 07871, NJ a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
07871 is a Seller's Market
Difference Since December 2023
Since last year, 07871 has remained a Seller's Market.
07871 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 07871 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 07871 was $565,000 in December 2024, up 6.6% from last year, and the median price per square foot was $230.
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $255K | $300K | +17.6% |
22 Bedrooms | $350K | $361.5K | +3.3% |
33 Bedrooms | $460K | $492.5K | +7.1% |
44 Bedrooms | $675K | $675K | 0.0% |
55+ Bedrooms | $925K | $936.9K | +1.3% |
Summary: 07871 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +17.6%. The home price for 2 bedroom homes increased by +3.3%. The home price for 3 bedroom homes increased by +7.1%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +1.3%.
Housing supply in 07871, NJ
How many homes are available in 07871, NJ?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
88Last MonthDec 2024 | ||
922 months agoNov 2024 | -4.3 % Change MoMNov – Dec |
Summary: The 07871 real estate market had 88 homes for sale in Dec 2024, a 4.3 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
19Last MonthDec 2024 | ||
222 months agoNov 2024 | -13.6 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 9 | 14 | +55.6% |
33 Bedrooms | 39 | 39 | 0.0% |
44 Bedrooms | 31 | 23 | -25.8% |
55+ Bedrooms | 12 | 11 | -8.3% |
Summary: 07871 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +55.6%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -25.8%. The inventory for 5 bedroom homes decreased by -8.3%.
Asking Price vs. Sold Price
How much do homes in 07871, NJ cost?
Over Asking Price11 Homes
At Asking Price2 Homes
Under Asking Price6 Homes
If you're buying a home in 07871, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 07871 in December 2024, down by 13.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and and 58% were sold over asking.
Days on Market for 07871, NJ
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
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Newest Listings in 07871, NJ
What homes are available in 07871, NJ?
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MLS Disclaimers and Copyright
Based on information from Garden State MLS, and New Jersey MLS for the period 01/01/2023 - 01/01/2025
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 9:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 9:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.