West New York, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 197 transactions over the past year in West New York. The median value for residential home transactions that occurred over the previous year is $499,897.69. The number of current listings in West New York is 34, and the percentage of properties for sale in the city is 34.00%. West New York, NJ currently has 52 properties in foreclosure, 2 bank owned properties, 5 properties headed for auction, and 34 properties for sale.
West New York, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07093 | $ 412,900 $ 319/sqft |
Housing Market Summary for West New York, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $412.5K | $489.7K | 18.72% |
| Median Sold Price | $422.4K | $489.7K | 15.95% |
| Homes For Sale | 44 | 28 | -36.36% |
| Homes Sold | 78 | 102 | 30.77% |
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 West New York, NJ
Browse Homes in West New York, NJ
West New York home values range from $154,527 to $2,619,500. The median estimated value of a home in West New York is $499,897.69. The median list price of a home is 449,950, and the total count of properties in the city is 7,529.
- Pre-ForeclosurePre-foreclosure homes account for 0.60% of all residential properties in West New York, NJ with 07093 containing 55 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within West New York, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,475,000 in 07093 to the lowest home value of $235,100 in 07093.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in West New York, NJ ranges from the highest value of $532,400 in 07093 to the lowest value of $331,600 in 07093. Bank owned homes and properties account for 0.03% of properties in West New York, NJ. There is 1 zips within West New York, NJ; 07093 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07093 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of West New York, NJ. Auction homes and other auction properties account for 0.07% of all properties in West New York, NJ. There is 1 zips within West New York, NJ; of that zips, the median estimated home value for homes going to auction ranges from $720,400 in 07093 to the lowest value of $452,300 in 07093.
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Guide for West New York, 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.
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