07008 Home Values & Market Trends

There are 15 homes currently listed for 07008. 07008 real estate market trends show that home prices range from $155,000 to $749,000, and the median sales price in the 07008 zip code is $459,389.79. The total number of properties sold within the past twelve months is 189. In 07008, 83 properties are in foreclosure, 2 are bank owned properties,and 3 are headed for auction.

07008 Real Estate Market Overview

CityMedian Est. Value
Carteret

$ 424,850

$ 293/sqft

Housing Market Summary for 07008

Apr 2023March 2024Change
Median Listing Price$494K$456.3K-7.63%
Median Sold Price$425.6K$456.3K7.21%
Homes For Sale3014-53.33%
Homes Sold10611912.26%
Price
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Homes For Sale
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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 07008

The median list price of a home in Carteret, is $459,389.79. A total of 15 properties are for sale, and the percentage of properties for sale in the zip code is 15.00%. The total count of 07008 properties is 5,183.

Foreclosure
There is 1 cities within 07008; within this cities, the median estimated home value for homes in foreclosure ranges from $673,400 in carteret to the lowest value of $371,500 in carteret. Foreclosure homes account for 1.00% of properties in 07008 with carteret containing 83 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.50% of all residential properties in 07008 with carteret containing 78 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07008; of that cities, the estimated home value for pre-foreclosure homes ranges from $673,400 in carteret to the lowest home value of $371,500 in carteret.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 07008 ranges from the highest value of $626,500 in carteret to the lowest value of $435,000 in carteret. Bank owned homes and properties account for 0.04% of properties in 07008. There is 1 cities within 07008; carteret containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    carteret has 3 auction properties, the highest number of properties going to auction in a single city in the state of 07008. Auction homes and other auction properties account for 0.06% of all properties in 07008. There is 1 cities within 07008; of that cities, the median estimated home value for homes going to auction ranges from $469,000 in carteret to the lowest value of $415,400 in carteret.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.29% of residential properties in 07008 with carteret containing 15 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 07008; homes for sale in that cities, have a range of median values from $571,900 in carteret to the lowest value of $355,200 in carteret.
    Sold Homes
    The median value for recently sold homes ranges from $710,200 in carteret to the lowest price of $299,400 in carteret. There is 1 cities within 07008. carteret has 121 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.33% of properties in 07008.

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      Guide for 07008

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      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.