Palisades Park, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 148 transactions over the past year in Palisades Park. The median value for residential home transactions that occurred over the previous year is $875,827.21. The number of current listings in Palisades Park is 3, and the percentage of properties for sale in the city is 3.00%. Palisades Park, NJ currently has 17 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 3 properties for sale.
Palisades Park, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07650 | $ 496,700 $ 461/sqft |
Housing Market Summary for Palisades Park, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $700K | $826.2K | 18.03% |
| Median Sold Price | $759.9K | $826.2K | 8.72% |
| Homes For Sale | 5 | 4 | -20.00% |
| Homes Sold | 77 | 78 | 1.30% |
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
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Browse Homes in Palisades Park, NJ
Palisades Park home values range from $236,900 to $1,901,000. The median estimated value of a home in Palisades Park is $875,827.21. The median list price of a home is 624,000, and the total count of properties in the city is 3,859.
- Pre-ForeclosurePre-foreclosure homes account for 0.36% of all residential properties in Palisades Park, NJ with 07650 containing 14 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Palisades Park, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,594,000 in 07650 to the lowest home value of $423,700 in 07650.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Palisades Park, 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 Palisades Park, NJ. There is 1 zips within Palisades Park, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07650 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Palisades Park, NJ. Auction homes and other auction properties account for 0.08% of all properties in Palisades Park, NJ. There is 1 zips within Palisades Park, NJ; of that zips, the median estimated home value for homes going to auction ranges from $523,300 in 07650 to the lowest value of $293,300 in 07650.
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Guide for Palisades Park, 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.
When house prices increase near good school, what options do home buyer have?
Information on foreclosure financing, refinancing, and foreclosure mortgages.