The 07043 housing market is very competitive. Homes in 07043 receive 5 offers on average and sell in around 34 days. The median sale price of a home in 07043 was $1.2M last month, up 63.4% since last year. The median sale price per square foot in 07043 is $624, up 40.5% since last year.
In March 2024, 07043 home prices were up 63.4% compared to last year, selling for a median price of $1.2M. On average, homes in 07043 sell after 34 days on the market compared to 21 days last year. There were 16 homes sold in March this year, down from 19 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,250,000
+63.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07043, NJ
$1,250,000
+63.4%
United States
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How hot is the 07043 housing market?
07043 is very competitive. Homes sell in 19.5 days.
0
100
87
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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 25% above list price and go pending in around 20 days.
Hot homes
can sell for about 38% above list price and go pending in around 10 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07043, NJ
122.1%
+8.9 pt
United States
Home offer insights for 07043
Explore recent offers and recently sold homes in 07043
Recent offers
Offer Not Accepted|
11 Weeks Ago
~$1M Offer
Sold for $1.5M
4bd | 2ba | —sqft
Over List Price
2%
Days on Market
58
Competing Offers
5
Down Payment
~20%
Colleen Kerrigan
07043 Redfin Agent
Placed offer above asking. Did not waive inspection or appraisal. Offers were received at a significantly higher price point with contingency waivers. …
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 07043 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07043.
Risk Factor
Flood Factor - Moderate
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07043 has a moderate risk of flooding. 270 properties in 07043 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 07043. Flood risk is increasing faster than the national average.
36% of properties are at risk of wildfire over the next 30 years
Fire Factor
07043 has a moderate risk of wildfire. There are 1,501 properties in 07043 that have some risk of being affected by wildfire over the next 30 years. This represents 36% of all properties in 07043.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07043 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07043 is most at risk from hurricanes. 4,106 properties in 07043 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 91 mph.