The 07502 housing market is somewhat competitive. The median sale price of a home in 07502 was $476K last month, up 5.8% since last year. The median sale price per square foot in 07502 is $329, up 2.7% since last year.
In March 2024, 07502 home prices were up 5.8% compared to last year, selling for a median price of $476K. On average, homes in 07502 sell after 56 days on the market compared to 55 days last year. There were 12 homes sold in March this year, down from 18 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$476,000
+5.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
07502, NJ
$476,000
+5.8%
United States
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How hot is the 07502 housing market?
07502 is somewhat competitive. Homes sell in 64 days.
0
100
63
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 6 months
Some homes get multiple offers.
The average homes sell for about 6% above list price and go pending in around 64 days.
Hot homes
can sell for about 12% above list price and go pending in around 31 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 07502 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07502.
Risk Factor
Flood Factor - Major
41% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07502 has a major risk of flooding. 940 properties in 07502 are likely to be
severely affected
by flooding over the next 30 years. This represents 41% of all properties in 07502. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
07502 has a minor risk of wildfire. There are 2 properties in 07502 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 07502.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07502 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07502 is most at risk from hurricanes. 3,074 properties in 07502 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 86 mph.