08831 Home Values & Market Trends
There are 142 homes currently listed for 08831. 08831 real estate market trends show that home prices range from $3,200 to $4,999,000, and the median sales price in the 08831 zip code is $540,843.67. The total number of properties sold within the past twelve months is 1,162. In 08831, 119 properties are in foreclosure, 4 are bank owned properties,and 6 are headed for auction.
Housing Market Summary for 08831
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $515K | $437K | -15.15% |
| Median Sold Price | $359.9K | $437K | 21.41% |
| Homes For Sale | 95 | 124 | 30.53% |
| Homes Sold | 645 | 583 | -9.61% |
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 08831
Browse Homes in 08831
The median list price of a home in Monroe Township, is $540,843.67. A total of 142 properties are for sale, and the percentage of properties for sale in the zip code is 142.00%. The total count of 08831 properties is 23,140.
- Pre-ForeclosurePre-foreclosure homes account for 0.47% of all residential properties in 08831 with monroe township containing 89 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 08831; of that cities, the estimated home value for pre-foreclosure homes ranges from $988,800 in monroe township to the lowest home value of $213,600 in monroe township.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 08831 ranges from the highest value of $422,700 in monroe township to the lowest value of $231,300 in monroe township. Bank owned homes and properties account for 0.02% of properties in 08831. There is 1 cities within 08831; monroe township containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmonroe township has 6 auction properties, the highest number of properties going to auction in a single city in the state of 08831. Auction homes and other auction properties account for 0.03% of all properties in 08831. There is 1 cities within 08831; of that cities, the median estimated home value for homes going to auction ranges from $915,200 in monroe township to the lowest value of $264,800 in monroe township.
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More Real Estate Resources for 08831
Guide for 08831
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.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
