The 07401 housing market is very competitive. The median sale price of a home in 07401 was $740K last month, down 8.1% since last year. The median sale price per square foot in 07401 is $359, up 0.8% since last year.
In March 2024, 07401 home prices were down 8.1% compared to last year, selling for a median price of $740K. On average, homes in 07401 sell after 49 days on the market compared to 56 days last year. There were 11 homes sold in March this year, down from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$740,000
-8.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07401, NJ
$740,000
-8.1%
United States
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How hot is the 07401 housing market?
07401 is very competitive. Homes sell in 52 days.
0
100
70
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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 52 days.
Hot homes
can sell for about 8% above list price and go pending in around 27 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 07401 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07401.
Risk Factor
Flood Factor - Moderate
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07401 has a moderate risk of flooding. 344 properties in 07401 are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in 07401. Flood risk is increasing slower than the national average.
95% of properties are at risk of wildfire over the next 30 years
Fire Factor
07401 has a moderate risk of wildfire. There are 2,394 properties in 07401 that have some risk of being affected by wildfire over the next 30 years. This represents 95% of all properties in 07401.
80% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07401 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07401 is most at risk from hurricanes. 2,012 properties in 07401 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 78 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 84 mph.