The 07023 housing market is most competitive. The median sale price of a home in 07023 was $754K last month, up 14.0% since last year. The median sale price per square foot in 07023 is $377, down 18.2% since last year.
In October 2024, 07023 home prices were up 14.0% compared to last year, selling for a median price of $754K. On average, homes in 07023 sell after 14 days on the market compared to 18 days last year. There were 22 homes sold in October this year, down from 23 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$753,756
+14.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
07023, NJ
$753,756
+14.0%
United States
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How hot is the 07023 housing market?
07023 is most competitive. Homes sell in 16 days.
0
100
94
Most 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
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 6% above list price and go pending in around 16 days.
Hot homes
can sell for about 13% above list price and go pending in around 11 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 07023 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07023.
Flood Factor - Minor
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07023 has a minor risk of flooding. 309 properties in 07023 are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in 07023. Flood risk is increasing slower than the national average.
13% of properties are at risk of wildfire over the next 30 years
Fire Factor
07023 has a moderate risk of wildfire. There are 352 properties in 07023 that have some risk of being affected by wildfire over the next 30 years. This represents 13% of all properties in 07023.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07023 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07023 is most at risk from hurricanes. 2,666 properties in 07023 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 82 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 90 mph.