Spring Lake, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 134 transactions over the past year in Spring Lake. The median value for residential home transactions that occurred over the previous year is $900,156.13. The number of current listings in Spring Lake is 32, and the percentage of properties for sale in the city is 32.00%. Spring Lake, NJ currently has 8 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 32 properties for sale.
Spring Lake, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07762 | $ 1,196,750 $ 753/sqft |
Housing Market Summary for Spring Lake, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.8M | $928.1K | -48.41% |
| Median Sold Price | $829.8K | $928.1K | 11.85% |
| Homes For Sale | 37 | 37 | - |
| Homes Sold | 82 | 86 | 4.88% |
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 Spring Lake, NJ
Browse Homes in Spring Lake, NJ
Spring Lake home values range from $104,643 to $12,495,000. The median estimated value of a home in Spring Lake is $900,156.13. The median list price of a home is 1,274,500, and the total count of properties in the city is 4,294.
- Pre-ForeclosurePre-foreclosure homes account for 0.19% of all residential properties in Spring Lake, NJ with 07762 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Spring Lake, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $3,167,250 in 07762 to the lowest home value of $616,750 in 07762.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Spring Lake, 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 Spring Lake, NJ. There is 1 zips within Spring Lake, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Spring Lake, NJ. Auction homes and other auction properties account for 0% of all properties in Spring Lake, NJ. There is 1 zips within Spring Lake, NJ; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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More Real Estate Resources for Spring Lake, NJ
Guide for Spring Lake, 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.
What is the impact on nearby house values of a foreclosed home?
Are you considering purchasing a foreclosure for your first home? Let’s look potential pitfalls, and essential tips to make an informed decision.