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
Zip | Median Est. Value |
---|---|
07079 | $ 1,024,200 $ 364/sqft |
Housing Market Summary for South Orange, NJ
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $759.9K | $793.2K | 4.38% |
Median Sold Price | $822.3K | $793.2K | -3.54% |
Homes For Sale | 9 | 15 | 66.67% |
Homes Sold | 73 | 93 | 27.40% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in South Orange, NJ
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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- Auctions07079 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.
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