07055 Home Values & Market Trends
There are 8 homes currently listed for 07055. 07055 real estate market trends show that home prices range from $399,900 to $1,290,000, and the median sales price in the 07055 zip code is $541,909.8. The total number of properties sold within the past twelve months is 209. In 07055, 75 properties are in foreclosure, 3 are bank owned properties,and 8 are headed for auction.
07055 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Passaic | $ 582,350 $ 286/sqft |
Housing Market Summary for 07055
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $429K | $500.6K | 16.69% |
| Median Sold Price | $461.9K | $500.6K | 8.39% |
| Homes For Sale | 13 | 9 | -30.77% |
| Homes Sold | 112 | 116 | 3.57% |
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 07055
Browse Homes in 07055
The median list price of a home in Passaic, is $541,909.8. A total of 8 properties are for sale, and the percentage of properties for sale in the zip code is 8.00%. The total count of 07055 properties is 6,339.
- Pre-ForeclosurePre-foreclosure homes account for 1.01% of all residential properties in 07055 with passaic containing 64 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07055; of that cities, the estimated home value for pre-foreclosure homes ranges from $866,900 in passaic to the lowest home value of $284,900 in passaic.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07055 ranges from the highest value of $580,600 in passaic to the lowest value of $465,900 in passaic. Bank owned homes and properties account for 0.05% of properties in 07055. There is 1 cities within 07055; passaic containing 3 REO properties, has the highest number of bank owned properties in a single city.
- Auctionspassaic has 8 auction properties, the highest number of properties going to auction in a single city in the state of 07055. Auction homes and other auction properties account for 0.13% of all properties in 07055. There is 1 cities within 07055; of that cities, the median estimated home value for homes going to auction ranges from $668,900 in passaic to the lowest value of $333,700 in passaic.
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Guide for 07055
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.
