Red Bank, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 348 transactions over the past year in Red Bank. The median value for residential home transactions that occurred over the previous year is $590,607.38. The number of current listings in Red Bank is 63, and the percentage of properties for sale in the city is 63.00%. Red Bank, NJ currently has 44 properties in foreclosure, 2 bank owned properties, 5 properties headed for auction, and 63 properties for sale.
Red Bank, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07701 | $ 526,250 $ 353/sqft |
Housing Market Summary for Red Bank, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $557.4K | $574.1K | 3.00% |
| Median Sold Price | $489.8K | $574.1K | 17.22% |
| Homes For Sale | 86 | 56 | -34.88% |
| Homes Sold | 162 | 164 | 1.23% |
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 Red Bank, NJ
Browse Homes in Red Bank, NJ
Red Bank home values range from $151,970 to $9,721,100. The median estimated value of a home in Red Bank is $590,607.38. The median list price of a home is 529,750, and the total count of properties in the city is 7,985.
- Pre-ForeclosurePre-foreclosure homes account for 0.46% of all residential properties in Red Bank, NJ with 07701 containing 37 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Red Bank, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $985,750 in 07701 to the lowest home value of $231,800 in 07701.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Red Bank, NJ ranges from the highest value of $383,648 in 07701 to the lowest value of $239,700 in 07701. Bank owned homes and properties account for 0.03% of properties in Red Bank, NJ. There is 1 zips within Red Bank, NJ; 07701 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07701 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Red Bank, NJ. Auction homes and other auction properties account for 0.06% of all properties in Red Bank, NJ. There is 1 zips within Red Bank, NJ; of that zips, the median estimated home value for homes going to auction ranges from $879,000 in 07701 to the lowest value of $283,500 in 07701.
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More Real Estate Resources for Red Bank, NJ
Guide for Red Bank, NJ
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