The 07055 housing market is somewhat competitive. The median sale price of a home in 07055 was $395K last month, down 10.4% since last year. The median sale price per square foot in 07055 is $260, up 6.3% since last year.
In March 2024, 07055 home prices were down 10.4% compared to last year, selling for a median price of $395K. On average, homes in 07055 sell after 62 days on the market compared to 72 days last year. There were 35 homes sold in March this year, up from 27 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$395,000
-10.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07055, NJ
$395,000
-10.4%
United States
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How hot is the 07055 housing market?
07055 is somewhat competitive. Homes sell in 43.5 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 1% above list price and go pending in around 44 days.
Hot homes
can sell for about 7% above list price and go pending in around 22 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 07055 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07055.
Risk Factor
Flood Factor - Major
33% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07055 has a major risk of flooding. 1,572 properties in 07055 are likely to be
severely affected
by flooding over the next 30 years. This represents 33% of all properties in 07055. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
07055 has a minor risk of wildfire. There are 29 properties in 07055 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 07055.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07055 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07055 is most at risk from hurricanes. 7,930 properties in 07055 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 79 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 87 mph.