The 07506 housing market is very competitive. The median sale price of a home in 07506 was $608K last month, up 7.5% since last year. The median sale price per square foot in 07506 is $394, up 11.5% since last year.
In October 2024, 07506 home prices were up 7.5% compared to last year, selling for a median price of $608K. On average, homes in 07506 sell after 30 days on the market compared to 52 days last year. There were 46 homes sold in October this year, up from 33 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$607,500
+7.5% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
07506, NJ
$607,500
+7.5%
United States
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How hot is the 07506 housing market?
07506 is very competitive. Homes sell in 31.5 days.
0
100
78
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 32 days.
Hot homes
can sell for about 7% above list price and go pending in around 17 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 07506 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07506.
Flood Factor - Moderate
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07506 has a moderate risk of flooding. 617 properties in 07506 are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in 07506. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
07506 has a moderate risk of wildfire. There are 124 properties in 07506 that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in 07506.
98% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07506 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07506 is most at risk from hurricanes. 6,053 properties in 07506 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 87 mph.