The 07042 housing market is very competitive. The median sale price of a home in 07042 was $705K last month, up 12.8% since last year. The median sale price per square foot in 07042 is $498, up 39.8% since last year.
In March 2024, 07042 home prices were up 12.8% compared to last year, selling for a median price of $705K. On average, homes in 07042 sell after 30 days on the market compared to 22 days last year. There were 31 homes sold in March this year, down from 47 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$705,000
+12.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07042, NJ
$705,000
+12.8%
United States
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How hot is the 07042 housing market?
07042 is very competitive. Homes sell in 28 days.
0
100
83
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 15% above list price and go pending in around 28 days.
Hot homes
can sell for about 27% above list price and go pending in around 13 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 07042 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07042.
Risk Factor
Flood Factor - Major
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07042 has a major risk of flooding. 828 properties in 07042 are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in 07042. Flood risk is increasing faster than the national average.
66% of properties are at risk of wildfire over the next 30 years
Fire Factor
07042 has a moderate risk of wildfire. There are 4,563 properties in 07042 that have some risk of being affected by wildfire over the next 30 years. This represents 66% of all properties in 07042.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07042 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07042 is most at risk from hurricanes. 6,909 properties in 07042 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.