Forked River, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 527 transactions over the past year in Forked River. The median value for residential home transactions that occurred over the previous year is $415,329.46. The number of current listings in Forked River is 78, and the percentage of properties for sale in the city is 78.00%. Forked River, NJ currently has 124 properties in foreclosure, 0 bank owned properties, 8 properties headed for auction, and 78 properties for sale.
Forked River, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08731 | $ 467,450 $ 289/sqft |
Housing Market Summary for Forked River, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $430K | $394.5K | -8.26% |
| Median Sold Price | $354.8K | $394.5K | 11.18% |
| Homes For Sale | 75 | 66 | -12.00% |
| Homes Sold | 240 | 218 | -9.17% |
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 Forked River, NJ
Browse Homes in Forked River, NJ
Forked River home values range from $43,256 to $2,299,888. The median estimated value of a home in Forked River is $415,329.46. The median list price of a home is 491,500, and the total count of properties in the city is 9,330.
- Pre-ForeclosurePre-foreclosure homes account for 1.24% of all residential properties in Forked River, NJ with 08731 containing 116 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Forked River, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,475,000 in 08731 to the lowest home value of $209,500 in 08731.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Forked River, 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 Forked River, NJ. There is 1 zips within Forked River, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08731 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Forked River, NJ. Auction homes and other auction properties account for 0.09% of all properties in Forked River, NJ. There is 1 zips within Forked River, NJ; of that zips, the median estimated home value for homes going to auction ranges from $556,000 in 08731 to the lowest value of $336,500 in 08731.
Compare Nearby Cities
More Real Estate Resources for Forked River, NJ
Guide for Forked River, NJ
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.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
