Is ZIP 07405, NJ 07405 a buyer’s or seller’s market?

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

ZIP 07405 is a seller’s market. With about 2.6 months of supply and 63% of homes selling above list, expect competing offers on well-priced homes. Buyers here typically need a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.6Under 4 months = seller’s market

Sold above list63.4%Share of recent sales

Median sale-to-list103.7%Sold price ÷ list price

Median days on market19Listing to accepted offer

Median price per sq ft$342▲ +5.4% vs. last year

Run the numbers for 07405

Prefilled for 07405Can 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 07005 07005Seller’s market $365 /sq ft ZIP 07034 07034Seller’s market $403 /sq ft ZIP 07035 07035Seller’s market $371 /sq ft ZIP 07045 07045Seller’s market $358 /sq ft Browse all markets →

Market data describes housing activity only.