East Rutherford, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 61 transactions over the past year in East Rutherford. The median value for residential home transactions that occurred over the previous year is $634,889.58. The number of current listings in East Rutherford is 2, and the percentage of properties for sale in the city is 2.00%. East Rutherford, NJ currently has 11 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 2 properties for sale.
East Rutherford, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07073 | $ 682,200 $ 427/sqft |
Housing Market Summary for East Rutherford, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $660K | $520.5K | -21.14% |
| Median Sold Price | $557.5K | $520.5K | -6.64% |
| Homes For Sale | 3 | 1 | -66.67% |
| Homes Sold | 42 | 32 | -23.81% |
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 East Rutherford, NJ
Browse Homes in East Rutherford, NJ
East Rutherford home values range from $258,100 to $1,492,000. The median estimated value of a home in East Rutherford is $634,889.58. The median list price of a home is 351,050, and the total count of properties in the city is 1,979.
- Pre-ForeclosurePre-foreclosure homes account for 0.56% of all residential properties in East Rutherford, NJ with 07073 containing 11 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within East Rutherford, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,020,000 in 07073 to the lowest home value of $560,800 in 07073.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in East Rutherford, 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 East Rutherford, NJ. There is 1 zips within East Rutherford, 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 East Rutherford, NJ. Auction homes and other auction properties account for 0% of all properties in East Rutherford, NJ. There is 1 zips within East Rutherford, 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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Guide for East Rutherford, 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.
When house prices increase near good school, what options do home buyer have?
Information on foreclosure financing, refinancing, and foreclosure mortgages.