07507
$710,000median sale price
The 07507 zip code, located in Andover, NJ, is currently classified as a balanced market. The median sale price stands at $710,000. Homes in this area spend an average of 96 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 07507 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
96
Average pace
Active listings
—
Sale-to-list
109.2%
Above asking
Market trends
Market analysis for 07507
The 07507 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 109.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 07507 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
Frequently asked questions about 07507
What is the median home price in 07507?
The current median sale price in 07507 is $710,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 07507 a buyer's or seller's market?
The 07507 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
How do I research neighborhoods in 07507?
Properties Incorporated provides comprehensive data for 07507 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 07507 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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