The 07087 housing market is very competitive. Homes in 07087 receive 3 offers on average and sell in around 40 days. The median sale price of a home in 07087 was $525K last month, up 11.3% since last year. The median sale price per square foot in 07087 is $471, up 11.9% since last year.
In October 2024, 07087 home prices were up 11.3% compared to last year, selling for a median price of $525K. On average, homes in 07087 sell after 40 days on the market compared to 48 days last year. There were 77 homes sold in October this year, down from 79 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$525,000
+11.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
07087, NJ
$525,000
+11.3%
United States
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How hot is the 07087 housing market?
07087 is very competitive. Homes sell in 25.5 days.
0
100
71
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 2% above list price and go pending in around 26 days.
Hot homes
can sell for about 5% 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 07087 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07087.
Flood Factor - Minor
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07087 has a minor risk of flooding. 1,066 properties in 07087 are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in 07087. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
07087 has a minor risk of wildfire. There are 3 properties in 07087 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 07087.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07087 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07087 is most at risk from hurricanes. 9,557 properties in 07087 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 77 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 87 mph.