The 07078 housing market is very competitive. The median sale price of a home in 07078 was $1.9M last month, down 11.7% since last year. The median sale price per square foot in 07078 is $624, up 1.1% since last year.
In March 2024, 07078 home prices were down 11.7% compared to last year, selling for a median price of $1.9M. On average, homes in 07078 sell after 59 days on the market compared to 20 days last year. There were 22 homes sold in March this year, up from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,865,000
-11.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07078, NJ
$1,865,000
-11.7%
United States
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How hot is the 07078 housing market?
07078 is very competitive. Homes sell in 45.5 days.
0
100
74
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 5% above list price and go pending in around 46 days.
Hot homes
can sell for about 11% above list price and go pending in around 15 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 07078 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07078.
Risk Factor
Flood Factor - Major
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07078 has a major risk of flooding. 603 properties in 07078 are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in 07078. Flood risk is increasing slower than the national average.
65% of properties are at risk of wildfire over the next 30 years
Fire Factor
07078 has a moderate risk of wildfire. There are 2,849 properties in 07078 that have some risk of being affected by wildfire over the next 30 years. This represents 65% of all properties in 07078.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07078 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07078 is most at risk from hurricanes. 4,324 properties in 07078 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 86 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 92 mph.