07083 Home Values & Market Trends
There are 51 homes currently listed for 07083. 07083 real estate market trends show that home prices range from $175,000 to $899,000, and the median sales price in the 07083 zip code is $504,659.78. The total number of properties sold within the past twelve months is 605. In 07083, 206 properties are in foreclosure, 0 are bank owned properties,and 15 are headed for auction.
07083 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Union | $ 501,800 $ 300/sqft |
Housing Market Summary for 07083
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $499.8K | $511.8K | 2.40% |
| Median Sold Price | $470.8K | $511.8K | 8.72% |
| Homes For Sale | 59 | 49 | -16.95% |
| Homes Sold | 319 | 305 | -4.39% |
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 07083
Browse Homes in 07083
The median list price of a home in Union, is $504,659.78. A total of 51 properties are for sale, and the percentage of properties for sale in the zip code is 51.00%. The total count of 07083 properties is 15,283.
- Pre-ForeclosurePre-foreclosure homes account for 1.25% of all residential properties in 07083 with union containing 191 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07083; of that cities, the estimated home value for pre-foreclosure homes ranges from $898,400 in union to the lowest home value of $354,200 in union.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07083 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 07083. There is 1 cities within 07083; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsunion has 15 auction properties, the highest number of properties going to auction in a single city in the state of 07083. Auction homes and other auction properties account for 0.10% of all properties in 07083. There is 1 cities within 07083; of that cities, the median estimated home value for homes going to auction ranges from $570,700 in union to the lowest value of $324,200 in union.
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More Real Estate Resources for 07083
Guide for 07083
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.
