07871 Home Values & Market Trends

There are 25 homes currently listed for 07871. 07871 real estate market trends show that home prices range from $99,000 to $4,500,000, and the median sales price in the 07871 zip code is $527,357.77. The total number of properties sold within the past twelve months is 332. In 07871, 83 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.

07871 Real Estate Market Overview

CityMedian Est. Value
Sparta

$ 414,600

$ 322/sqft

Housing Market Summary for 07871

Apr 2023March 2024Change
Median Listing Price$499K$473.1K-5.19%
Median Sold Price$440K$473.1K7.52%
Homes For Sale2525-
Homes Sold13716621.17%
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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 07871

The median list price of a home in Sparta, is $527,357.77. A total of 25 properties are for sale, and the percentage of properties for sale in the zip code is 25.00%. The total count of 07871 properties is 7,635.

Foreclosure
There is 1 cities within 07871; within this cities, the median estimated home value for homes in foreclosure ranges from $872,300 in sparta to the lowest value of $320,100 in sparta. Foreclosure homes account for 1.00% of properties in 07871 with sparta containing 83 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.02% of all residential properties in 07871 with sparta containing 78 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07871; of that cities, the estimated home value for pre-foreclosure homes ranges from $872,300 in sparta to the lowest home value of $320,100 in sparta.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 07871 ranges from the highest value of $0 in sparta to the lowest value of $0 in sparta. Bank owned homes and properties account for 0.01% of properties in 07871. There is 1 cities within 07871; sparta containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    sparta has 4 auction properties, the highest number of properties going to auction in a single city in the state of 07871. Auction homes and other auction properties account for 0.05% of all properties in 07871. There is 1 cities within 07871; of that cities, the median estimated home value for homes going to auction ranges from $834,800 in sparta to the lowest value of $362,400 in sparta.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.33% of residential properties in 07871 with sparta containing 25 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 07871; homes for sale in that cities, have a range of median values from $745,400 in sparta to the lowest value of $325,100 in sparta.
    Sold Homes
    The median value for recently sold homes ranges from $880,800 in sparta to the lowest price of $258,600 in sparta. There is 1 cities within 07871. sparta has 176 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.31% of properties in 07871.

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      Guide for 07871

      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
      Home Buying Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      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.

      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?