Essex Fells, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 22 transactions over the past year in Essex Fells. The median value for residential home transactions that occurred over the previous year is $1,105,100. The number of current listings in Essex Fells is 2, and the percentage of properties for sale in the city is 2.00%. Essex Fells, NJ currently has 6 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 2 properties for sale.
Essex Fells, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07021 | $ 1,719,000 $ 383/sqft |
Housing Market Summary for Essex Fells, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.1M | $945.2K | -12.48% |
| Median Sold Price | $978.5K | $945.2K | -3.40% |
| Homes For Sale | 4 | 2 | -50.00% |
| Homes Sold | 9 | 11 | 22.22% |
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 Essex Fells, NJ
Browse Homes in Essex Fells, NJ
Essex Fells home values range from $188,900 to $1,978,000. The median estimated value of a home in Essex Fells is $1,105,100. The median list price of a home is 3,124,500, and the total count of properties in the city is 778.
- Pre-ForeclosurePre-foreclosure homes account for 0.77% of all residential properties in Essex Fells, NJ with 07021 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Essex Fells, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,686,000 in 07021 to the lowest home value of $759,700 in 07021.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Essex Fells, 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 Essex Fells, NJ. There is 1 zips within Essex Fells, 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 Essex Fells, NJ. Auction homes and other auction properties account for 0% of all properties in Essex Fells, NJ. There is 1 zips within Essex Fells, 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 Essex Fells, NJ
Guide for Essex Fells, 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.