The 07108 housing market is somewhat competitive. The median sale price of a home in 07108 was $550K last month, up 31.0% since last year. The median sale price per square foot in 07108 is $147, down 15.5% since last year.
In March 2024, 07108 home prices were up 31.0% compared to last year, selling for a median price of $550K. On average, homes in 07108 sell after 73 days on the market compared to 96 days last year. There were 36 homes sold in March this year, up from 25 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$550,000
+31.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07108, NJ
$550,000
+31.0%
United States
To compare other locations to the 07108 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Jersey add value to a home.
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How hot is the 07108 housing market?
07108 is somewhat competitive. Homes sell in 50 days.
0
100
67
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 4% above list price and go pending in around 50 days.
Hot homes
can sell for about 7% above list price and go pending in around 21 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
5/10
Louise A. Spencer Elementary School
Public • PreK-8 • Choice school
766
Students
3 reviews
4/10
Belmont-Runyon Elementary School
Public • PreK-8 • Choice school
489
Students
5 reviews
3/10
George Washington Carver Elementary School
Public • PreK-8 • Choice school
476
Students
4 reviews
3/10
Cleveland Elementary School
Public • PreK-8 • Choice school
426
Students
5 reviews
3/10
Hawthorne Avenue Elementary School
Public • PreK-8 • Choice school
457
Students
3 reviews
Only showing 5 of
8 elementary schools.
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 07108 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07108.
Risk Factor
Flood Factor - Moderate
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07108 has a moderate risk of flooding. 491 properties in 07108 are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in 07108. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
07108 has a minor risk of wildfire. There are 8 properties in 07108 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 07108.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07108 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07108 is most at risk from hurricanes. 4,218 properties in 07108 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 91 mph.