08840 Home Values & Market Trends
There are 24 homes currently listed for 08840. 08840 real estate market trends show that home prices range from $2,900 to $1,430,000, and the median sales price in the 08840 zip code is $576,758.73. The total number of properties sold within the past twelve months is 224. In 08840, 40 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.
08840 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Metuchen | $ 593,650 $ 378/sqft |
Housing Market Summary for 08840
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $577.5K | $529.2K | -8.36% |
| Median Sold Price | $515K | $529.2K | 2.76% |
| Homes For Sale | 12 | 21 | 75.00% |
| Homes Sold | 91 | 94 | 3.30% |
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 08840
Browse Homes in 08840
The median list price of a home in Metuchen, is $576,758.73. A total of 24 properties are for sale, and the percentage of properties for sale in the zip code is 24.00%. The total count of 08840 properties is 5,501.
- Pre-ForeclosurePre-foreclosure homes account for 0.64% of all residential properties in 08840 with metuchen containing 35 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 08840; of that cities, the estimated home value for pre-foreclosure homes ranges from $735,500 in metuchen to the lowest home value of $358,100 in metuchen.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 08840 ranges from the highest value of $881,600 in metuchen to the lowest value of $881,600 in metuchen. Bank owned homes and properties account for 0.02% of properties in 08840. There is 1 cities within 08840; metuchen containing 1 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmetuchen has 4 auction properties, the highest number of properties going to auction in a single city in the state of 08840. Auction homes and other auction properties account for 0.07% of all properties in 08840. There is 1 cities within 08840; of that cities, the median estimated home value for homes going to auction ranges from $649,800 in metuchen to the lowest value of $385,300 in metuchen.
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More Real Estate Resources for 08840
Guide for 08840
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
When house prices increase near good school, what options do home buyer have?
Information on foreclosure financing, refinancing, and foreclosure mortgages.
