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Is ZIP 07047, NJ 07047 a buyer’s or seller’s market?

Buyer’s market As of 2026-08-31 · Source: Redfin

ZIP 07047 is a buyer’s market. With about 7 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7Under 4 months = seller’s market

Sold above list40.3%Share of recent sales

Median sale-to-list99.8%Sold price ÷ list price

Median days on market54Listing to accepted offer

Median price per sq ft$425▲ +2.6% vs. last year

Run the numbers for 07047

Prefilled for 07047Can I win this house?Multiple-offer likelihood for a listing Coming soonOver-asking calculatorTypical range over list Coming soonOffer strength scoreHow your offer looks to a seller Coming soonAppraisal gapCash needed if it appraises low

Nearby markets

ZIP 07002 07002Seller’s market $354 /sq ft ZIP 07029 07029Seller’s market $340 /sq ft ZIP 07030 07030Seller’s market $974 /sq ft ZIP 07032 07032Seller’s market $364 /sq ft Browse all markets →

Market data describes housing activity only.