Is ZIP 07424, NJ 07424 a buyer’s or seller’s market?

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

ZIP 07424 is a seller’s market. With about 2.1 months of supply and 75% 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 supply2.1Under 4 months = seller’s market

Sold above list74.6%Share of recent sales

Median sale-to-list105.2%Sold price ÷ list price

Median days on market26Listing to accepted offer

Median price per sq ft$384▲ +0.9% vs. last year

Run the numbers for 07424

Prefilled for 07424Can 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 07011 07011Seller’s market $426 /sq ft ZIP 07012 07012Seller’s market $498 /sq ft ZIP 07013 07013Seller’s market $434 /sq ft ZIP 07014 07014Seller’s market $384 /sq ft Browse all markets →

Market data describes housing activity only.