Avenel, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 92 transactions over the past year in Avenel. The median value for residential home transactions that occurred over the previous year is $449,721.01. The number of current listings in Avenel is 9, and the percentage of properties for sale in the city is 9.00%. Avenel, NJ currently has 47 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 9 properties for sale.
Avenel, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07001 | $ 427,500 $ 410/sqft |
Housing Market Summary for Avenel, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $410K | $436.6K | 6.49% |
| Median Sold Price | $410K | $436.6K | 6.49% |
| Homes For Sale | 11 | 7 | -36.36% |
| Homes Sold | 59 | 49 | -16.95% |
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 Avenel, NJ
Browse Homes in Avenel, NJ
Avenel home values range from $181,500 to $925,700. The median estimated value of a home in Avenel is $449,721.01. The median list price of a home is 429,900, and the total count of properties in the city is 2,747.
- Pre-ForeclosurePre-foreclosure homes account for 1.67% of all residential properties in Avenel, NJ with 07001 containing 46 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Avenel, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $708,600 in 07001 to the lowest home value of $327,700 in 07001.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Avenel, 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 Avenel, NJ. There is 1 zips within Avenel, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07001 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Avenel, NJ. Auction homes and other auction properties account for 0.04% of all properties in Avenel, NJ. There is 1 zips within Avenel, NJ; of that zips, the median estimated home value for homes going to auction ranges from $463,600 in 07001 to the lowest value of $463,600 in 07001.
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Guide for Avenel, 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.
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