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Is ZIP 07481, NJ 07481 a buyer’s or seller’s market?

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

ZIP 07481 is a seller’s market. With about 2 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 supply2Under 4 months = seller’s market
Sold above list62.7%Share of recent sales
Median sale-to-list106.9%Sold price ÷ list price
Median days on market63Listing to accepted offer
Median price per sq ft$502▲ +1.0% vs. last year

Run the numbers for 07481

Prefilled for 07481Can 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 07010 07010Balanced $440 /sq ftZIP 07020 07020Buyer’s market $525 /sq ftZIP 07022 07022Balanced $389 /sq ftZIP 07024 07024Balanced $448 /sq ft Browse all markets →

Market data describes housing activity only.