The 07050 housing market is somewhat competitive. The median sale price of a home in 07050 was $451K last month, up 8.8% since last year. The median sale price per square foot in 07050 is $306, up 30.2% since last year.
In March 2024, 07050 home prices were up 8.8% compared to last year, selling for a median price of $451K. On average, homes in 07050 sell after 70 days on the market compared to 102 days last year. There were 38 homes sold in March this year, up from 34 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$450,900
+8.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07050, NJ
$450,900
+8.8%
United States
To compare other locations to the 07050 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 07050 housing market?
07050 is somewhat competitive. Homes sell in 56 days.
0
100
63
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 3 months
Some homes get multiple offers.
The average homes sell for about 5% above list price and go pending in around 56 days.
Hot homes
can sell for about 10% above list price and go pending in around 22 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Heywood Avenue Elementary School
Public • PreK-7
363
Students
5 reviews
6/10
Hazel Avenue Elementary School
Public • K-5
335
Students
13 reviews
6/10
Forest Street School
Public • PreK-7
381
Students
8 reviews
6/10
Oakwood Avenue Elementary School
Public • PreK-7
231
Students
3 reviews
5/10
Washington Elementary School
Public • PreK-5
428
Students
7 reviews
Only showing 5 of
12 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 07050 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07050.
Risk Factor
Flood Factor - Major
28% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07050 has a major risk of flooding. 998 properties in 07050 are likely to be
severely affected
by flooding over the next 30 years. This represents 28% of all properties in 07050. Flood risk is increasing slower than the national average.
6% of properties are at risk of wildfire over the next 30 years
Fire Factor
07050 has a minor risk of wildfire. There are 358 properties in 07050 that have some risk of being affected by wildfire over the next 30 years. This represents 6% of all properties in 07050.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07050 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07050 is most at risk from hurricanes. 5,333 properties in 07050 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.