08820 Home Values & Market Trends

There are 48 homes currently listed for 08820. 08820 real estate market trends show that home prices range from $2,300 to $3,500,000, and the median sales price in the 08820 zip code is $692,035.65. The total number of properties sold within the past twelve months is 339. In 08820, 46 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.

08820 Real Estate Market Overview

CityMedian Est. Value
Edison

$ 541,350

$ 338/sqft

Housing Market Summary for 08820

Apr 2023March 2024Change
Median Listing Price$704.5K$654.1K-7.15%
Median Sold Price$612K$654.1K6.88%
Homes For Sale264469.23%
Homes Sold189183-3.17%
Price
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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%.

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Browse Homes in 08820

The median list price of a home in Edison, is $692,035.65. A total of 48 properties are for sale, and the percentage of properties for sale in the zip code is 48.00%. The total count of 08820 properties is 11,285.

Foreclosure
There is 1 cities within 08820; within this cities, the median estimated home value for homes in foreclosure ranges from $979,700 in edison to the lowest value of $202,800 in edison. Foreclosure homes account for 0.00% of properties in 08820 with edison containing 188 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.38% of all residential properties in 08820 with edison containing 173 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 08820; of that cities, the estimated home value for pre-foreclosure homes ranges from $979,700 in edison to the lowest home value of $217,000 in edison.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 08820 ranges from the highest value of $724,000 in edison to the lowest value of $574,400 in edison. Bank owned homes and properties account for 0.01% of properties in 08820. There is 1 cities within 08820; edison containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    edison has 13 auction properties, the highest number of properties going to auction in a single city in the state of 08820. Auction homes and other auction properties account for 0.02% of all properties in 08820. There is 1 cities within 08820; of that cities, the median estimated home value for homes going to auction ranges from $767,500 in edison to the lowest value of $202,800 in edison.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.43% of residential properties in 08820 with edison containing 117 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 08820; homes for sale in that cities, have a range of median values from $1,006,000 in edison to the lowest value of $203,600 in edison.
    Sold Homes
    The median value for recently sold homes ranges from $1,006,000 in edison to the lowest price of $182,000 in edison. There is 1 cities within 08820. edison has 447 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.57% of properties in 08820.

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      Guide for 08820

      Market Reports
      Newark Real Estate Market Report, March 2024
      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      Home Buying Financing
      What To Consider Before Renting a RTO Home
      See More Articles
      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      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.

      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      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.

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      What To Consider Before Renting a RTO Home
      Home Buying Financing|posted 5 April 2024

      RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.

      Recently Listed Homes 08820

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