Real Estate Market Update for 07435 (Newfoundland, NJ)
Welcome to November's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was up 17% from one year earlier, and down 12% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 420-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 49%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 1-million dollars. The number of units sold was consistent year-over-year, and increased 100% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 07435 (Newfoundland, NJ)
Area Information for 07435 (Newfoundland, NJ)
  • Population: 2,728
  • Median Age: 40.57 yr
  • Median Commute Time: 31.27 mins
  • Sales Tax: 7%
  • Population Density: 183/sq mi
  • Population Change Since 2000: -1.12%
  • Closest Airport: Newark Liberty International
  • Closest College: William Paterson University-new Jersey
  • Closest Jr. College: County College Of Morris
  • Median Household Income: $125,753
  • Annual Residential Turnover: 9.22%
  • Median Years in Residence: 4.02 yr
  • Median Home Sales Price: $286,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 61%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07435 (Newfoundland, NJ)
Median Age: 40.57 Married: 46% Number of Households: 976 Households with Children: 359
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      Local Weather for 07435 (Newfoundland, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.