New Vernon, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 18 transactions over the past year in New Vernon. The median value for residential home transactions that occurred over the previous year is $2,368,061. The number of current listings in New Vernon is 4, and the percentage of properties for sale in the city is 4.00%. New Vernon, NJ currently has 2 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 4 properties for sale.
New Vernon, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07976 | $ 2,368,061 $ 974/sqft |
Housing Market Summary for New Vernon, NJ
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $1.3M | $649K | -49.49% |
| Median Sold Price | $1.7M | $1.6M | -5.95% |
| Homes For Sale | 3 | 4 | 33.33% |
| Homes Sold | 7 | 6 | -14.29% |
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 New Vernon, NJ
Browse Homes in New Vernon, NJ
New Vernon home values range from $642,149 to $4,755,384. The median estimated value of a home in New Vernon is $2,368,061. The median list price of a home is 649,000, and the total count of properties in the city is 13.
- Pre-ForeclosurePre-foreclosure homes account for 15.38% of all residential properties in New Vernon, NJ with 07976 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within New Vernon, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,799,000 in 07976 to the lowest home value of $1,153,390 in 07976.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Vernon, 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 New Vernon, NJ. There is 1 zips within New Vernon, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of New Vernon, NJ. Auction homes and other auction properties account for 0% of all properties in New Vernon, NJ. There is 1 zips within New Vernon, NJ; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for New Vernon, 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.
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