Carteret, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 180 transactions over the past year in Carteret. The median value for residential home transactions that occurred over the previous year is $550,000. The number of current listings in Carteret is 235, and the percentage of properties for sale in the city is 235.00%. Carteret, NJ currently has 76 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 235 properties for sale.
Carteret, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07008 | $ 550,000 $ 383/sqft |
Housing Market Summary for Carteret, NJ
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $539K | $547K | 1.48% |
| Median Sold Price | $544.2K | $569.4K | 4.63% |
| Homes For Sale | 142 | 234 | 64.79% |
| Homes Sold | 73 | 56 | -23.29% |
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 Carteret, NJ
Browse Homes in Carteret, NJ
Carteret home values range from $50,000 to $887,765. The median estimated value of a home in Carteret is $550,000. The median list price of a home is 545,000, and the total count of properties in the city is 446.
- Pre-ForeclosurePre-foreclosure homes account for 15.92% of all residential properties in Carteret, NJ with 07008 containing 71 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Carteret, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $879,483 in 07008 to the lowest home value of $376,922 in 07008.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Carteret, NJ ranges from the highest value of $424,511 in 07008 to the lowest value of $424,511 in 07008. Bank owned homes and properties account for 0.22% of properties in Carteret, NJ. There is 1 zips within Carteret, NJ; 07008 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07008 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Carteret, NJ. Auction homes and other auction properties account for 0.90% of all properties in Carteret, NJ. There is 1 zips within Carteret, NJ; of that zips, the median estimated home value for homes going to auction ranges from $606,471 in 07008 to the lowest value of $200,000 in 07008.
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More Real Estate Resources for Carteret, NJ
Guide for Carteret, NJ
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
