The 07062 housing market is somewhat competitive. The median sale price of a home in 07062 was $460K last month, up 2.2% since last year. The median sale price per square foot in 07062 is $346, down 3.6% since last year.
In October 2024, 07062 home prices were up 2.2% compared to last year, selling for a median price of $460K. On average, homes in 07062 sell after 38 days on the market compared to 29 days last year. There were 30 homes sold in October this year, up from 27 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$460,000
+2.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
07062, NJ
$460,000
+2.2%
United States
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How hot is the 07062 housing market?
07062 is somewhat competitive. Homes sell in 43.5 days.
0
100
68
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 44 days.
Hot homes
can sell for about 10% above list price and go pending in around 29 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 07062 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07062.
Flood Factor - Moderate
40% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07062 has a moderate risk of flooding. 982 properties in 07062 are likely to be
severely affected
by flooding over the next 30 years. This represents 40% of all properties in 07062. Flood risk is increasing slower than the national average.
29% of properties are at risk of wildfire over the next 30 years
Fire Factor
07062 has a moderate risk of wildfire. There are 1,118 properties in 07062 that have some risk of being affected by wildfire over the next 30 years. This represents 29% of all properties in 07062.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07062 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07062 is most at risk from hurricanes. 3,758 properties in 07062 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.