South Orange, NJ Home Values & Market Trends

Real estate market trends reflect that there have been 204 transactions over the past year in South Orange. The median value for residential home transactions that occurred over the previous year is $916,671.57. The number of current listings in South Orange is 16, and the percentage of properties for sale in the city is 16.00%. South Orange, NJ currently has 11 properties in foreclosure, 0 bank owned properties, 8 properties headed for auction, and 16 properties for sale.

South Orange, NJ Real Estate Market Overview

ZipMedian Est. Value
07079

$ 1,024,200

$ 364/sqft

Housing Market Summary for South Orange, NJ

Mar 2023February 2024Change
Median Listing Price$759.9K$793.2K4.38%
Median Sold Price$822.3K$793.2K-3.54%
Homes For Sale91566.67%
Homes Sold739327.40%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in South Orange, NJ

South Orange home values range from $176,200 to $1,948,000. The median estimated value of a home in South Orange is $916,671.57. The median list price of a home is 1,050,000, and the total count of properties in the city is 4,410.

Foreclosure
There is 1 zips within South Orange, NJ; within this zips, the median estimated home value for homes in foreclosure ranges from $1,604,000 in 07079 to the lowest value of $184,500 in 07079. Foreclosure homes account for 0.00% of properties in South Orange, NJ with 07079 containing 11 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.07% of all residential properties in South Orange, NJ with 07079 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within South Orange, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $857,800 in 07079 to the lowest home value of $604,900 in 07079.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in South Orange, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in South Orange, NJ. There is 1 zips within South Orange, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    07079 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of South Orange, NJ. Auction homes and other auction properties account for 0.18% of all properties in South Orange, NJ. There is 1 zips within South Orange, NJ; of that zips, the median estimated home value for homes going to auction ranges from $1,604,000 in 07079 to the lowest value of $184,500 in 07079.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.36% of residential properties in South Orange, NJ with 07079 containing 16 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within South Orange, NJ; homes for sale in that zips, have a range of median values from $1,540,000 in 07079 to the lowest value of $411,300 in 07079.
    Sold Homes
    The median value for recently sold homes ranges from $1,947,000 in 07079 to the lowest price of $205,600 in 07079. There is 1 zips within South Orange, NJ. 07079 has 87 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.97% of properties in South Orange, NJ.

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      Guide for South Orange, NJ

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