The 07508 housing market is somewhat competitive. The median sale price of a home in 07508 was $580K last month, up 10.5% since last year. The median sale price per square foot in 07508 is $369, up 32.7% since last year.
In April 2024, 07508 home prices were up 10.5% compared to last year, selling for a median price of $580K. On average, homes in 07508 sell after 54 days on the market compared to 76 days last year. There were 25 homes sold in April this year, down from 41 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$579,900
+10.5% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
07508, NJ
$579,900
+10.5%
United States
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How hot is the 07508 housing market?
07508 is somewhat competitive. Homes sell in 51 days.
0
100
65
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 4% above list price and go pending in around 51 days.
Hot homes
can sell for about 8% above list price and go pending in around 20 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 07508 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07508.
Risk Factor
Flood Factor - Major
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07508 has a major risk of flooding. 860 properties in 07508 are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in 07508. Flood risk is increasing slower than the national average.
51% of properties are at risk of wildfire over the next 30 years
Fire Factor
07508 has a moderate risk of wildfire. There are 3,363 properties in 07508 that have some risk of being affected by wildfire over the next 30 years. This represents 51% of all properties in 07508.
95% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07508 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07508 is most at risk from hurricanes. 6,218 properties in 07508 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 79 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 87 mph.