The 07081 housing market is very competitive. The median sale price of a home in 07081 was $689K last month, up 15.8% since last year. The median sale price per square foot in 07081 is $359, down 1.9% since last year.
In October 2024, 07081 home prices were up 15.8% compared to last year, selling for a median price of $689K. On average, homes in 07081 sell after 20 days on the market compared to 18 days last year. There were 49 homes sold in October this year, up from 36 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$689,200
+15.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
07081, NJ
$689,200
+15.8%
United States
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How hot is the 07081 housing market?
07081 is very competitive. Homes sell in 26 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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 26 days.
Hot homes
can sell for about 7% above list price and go pending in around 13 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 07081 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07081.
Flood Factor - Moderate
26% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07081 has a moderate risk of flooding. 785 properties in 07081 are likely to be
severely affected
by flooding over the next 30 years. This represents 26% of all properties in 07081. Flood risk is increasing slower than the national average.
25% of properties are at risk of wildfire over the next 30 years
Fire Factor
07081 has a moderate risk of wildfire. There are 1,397 properties in 07081 that have some risk of being affected by wildfire over the next 30 years. This represents 25% of all properties in 07081.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07081 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07081 is most at risk from hurricanes. 5,382 properties in 07081 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 93 mph.