Real Estate Market Update for 07871 (Sparta, NJ)
Welcome to December's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 15% from one year earlier, and down 20% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month. Compared to last year, the average number of days units spent on the market before being sold was up 51%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 270-thousand dollars. The number of units sold decreased 55% year-over-year, and decreased 41% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 07871 (Sparta, NJ)
Area Information for 07871 (Sparta, NJ)
  • Population: 20,434
  • Median Age: 40.88 yr
  • Median Commute Time: 37.94 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 539/sq mi
  • Population Change Since 2000: 7.95%
  • Closest Airport: Newark Liberty International
  • Closest College: Centenary College
  • Closest Jr. College: Sussex County Community College
  • Median Household Income: $116,254
  • Annual Residential Turnover: 11.09%
  • Median Years in Residence: 4.56 yr
  • Median Home Sales Price: $325,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07871 (Sparta, NJ)
Median Age: 40.88 Married: 45% Number of Households: 7,014 Households with Children: 2,975
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
      School Data for 07871 (Sparta, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      The Goddard School 0.1 mi Private PRESCHOOL-K 0 0
      Alpine Montessori - Sparta 0.3 mi Private PRESCHOOL-1 0 3
      Blessed Beginnings Presch Kng 0.6 mi Private PRESCHOOL-K 0 0
      Hilltop Country Day School 0.8 mi Private PRESCHOOL-8 0 0
      Hilltop Country Day School 0.8 mi Private PRESCHOOL-8 0 4
      Sparta High School 0.8 mi Public 9-12 4 3
      Mohawk Avenue Elementary School 0.9 mi Public 5-5 0 4
      Sparta Middle School 1.3 mi Public 6-8 4 4
      Helen Morgan Elementary School 1.3 mi Public 4-5 0 4
      Kiddie Academy Learning Center 1.7 mi Private PRESCHOOL-K 0 0
      Rev George A Brown School 2.0 mi Catholic PRESCHOOL-7 0 5
      Pope John Xxiii High School 2.2 mi Catholic 8-12 0 3
      Veritas Christian Academy 2.4 mi Private 9-12 0 3
      Sparta Alpine Elementary School 2.9 mi Public 1-3 4 4
      Willow Glen Academy (6 Gail Ct Loc) 2.9 mi Private UNGRADE-UNGRADE 0 0
      Northern Hill Academy 2.9 mi Public PRESCHOOL-5 0 4
      Sussex Cty Tech High School 3.8 mi Public 9-12 2 3
      Sussex County Technical School 3.8 mi Public 6-8 2 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 07871 (Sparta, 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.