The 07003 housing market is very competitive. Homes in 07003 receive 13 offers on average and sell in around 27 days. The median sale price of a home in 07003 was $540K last month, up 2.9% since last year. The median sale price per square foot in 07003 is $424, up 21.5% since last year.
In March 2024, 07003 home prices were up 2.9% compared to last year, selling for a median price of $540K. On average, homes in 07003 sell after 27 days on the market compared to 57 days last year. There were 67 homes sold in March this year, down from 79 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$540,000
+2.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07003, NJ
$540,000
+2.9%
United States
To compare other locations to the 07003 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Jersey add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 07003 housing market?
07003 is very competitive. Homes sell in 27 days.
0
100
84
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 27 days.
Hot homes
can sell for about 16% above list price and go pending in around 15 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Brookdale Elementary School
Public • K-6
350
Students
14 reviews
8/10
Franklin Elementary School
Public • K-6
366
Students
10 reviews
8/10
Lincoln Elementary School
Public • K-6
497
Students
4 reviews
8/10
Oak View Elementary School
Public • PreK-6
364
Students
7 reviews
8/10
Northeast Elementary School
Public • K-5
412
Students
12 reviews
Only showing 5 of
27 elementary schools.
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 07003 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07003.
Risk Factor
Flood Factor - Major
33% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07003 has a major risk of flooding. 2,931 properties in 07003 are likely to be
severely affected
by flooding over the next 30 years. This represents 33% of all properties in 07003. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
07003 has a moderate risk of wildfire. There are 265 properties in 07003 that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in 07003.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07003 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07003 is most at risk from hurricanes. 12,099 properties in 07003 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 83 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 92 mph.