Is ZIP 07848, NJ 07848 a buyer’s or seller’s market?

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

ZIP 07848 is a seller’s market. With about 2.5 months of supply and 56% 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 supply2.5Under 4 months = seller’s market

Sold above list55.5%Share of recent sales

Median sale-to-list104.3%Sold price ÷ list price

Median days on market44Listing to accepted offer

Median price per sq ft$288▲ +3.9% vs. last year

Run the numbers for 07848

Prefilled for 07848Can 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 07416 07416Seller’s market $234 /sq ft ZIP 07418 07418Seller’s market $273 /sq ft ZIP 07419 07419Seller’s market $252 /sq ft ZIP 07422 07422Seller’s market $356 /sq ft Browse all markets →

Market data describes housing activity only.