The 07501 housing market is somewhat competitive. The median sale price of a home in 07501 was $440K last month, up 12.1% since last year. The median sale price per square foot in 07501 is $261, up 20.8% since last year.
In September 2024, 07501 home prices were up 12.1% compared to last year, selling for a median price of $440K. On average, homes in 07501 sell after 54 days on the market compared to 54 days last year. There were 53 homes sold in September this year, up from 34 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$440,000
+12.1% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
07501, NJ
$440,000
+12.1%
United States
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How hot is the 07501 housing market?
07501 is somewhat competitive. Homes sell in 73 days.
0
100
54
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 3% above list price and go pending in around 73 days.
Hot homes
can sell for about 6% above list price and go pending in around 22 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 07501 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07501.
Flood Factor - Extreme
22% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07501 has an extreme risk of flooding. 924 properties in 07501 are likely to be
severely affected
by flooding over the next 30 years. This represents 22% of all properties in 07501. Flood risk is increasing slower than the national average.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07501 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07501 is most at risk from hurricanes. 5,658 properties in 07501 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 86 mph.