The 07047 housing market is somewhat competitive. Homes in 07047 receive 8 offers on average and sell in around 61.5 days. The median sale price of a home in 07047 was $480K last month, up 4.9% since last year. The median sale price per square foot in 07047 is $382, up 5.2% since last year.
In April 2024, 07047 home prices were up 4.9% compared to last year, selling for a median price of $480K. On average, homes in 07047 sell after 62 days on the market compared to 71 days last year. There were 81 homes sold in April this year, down from 82 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$480,000
+4.9% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
07047, NJ
$480,000
+4.9%
United States
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How hot is the 07047 housing market?
07047 is somewhat competitive. Homes sell in 66 days.
0
100
53
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 1% above list price and go pending in around 66 days.
Hot homes
can sell for about 5% above list price and go pending in around 22 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 07047 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07047.
Risk Factor
Flood Factor - Severe
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07047 has a severe risk of flooding. 1,205 properties in 07047 are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in 07047. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
07047 has a minor risk of wildfire. There are 30 properties in 07047 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 07047.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07047 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07047 is most at risk from hurricanes. 11,595 properties in 07047 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 96 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 108 mph.