Port Murray, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 58 transactions over the past year in Port Murray. The median value for residential home transactions that occurred over the previous year is $448,193.33. The number of current listings in Port Murray is 2, and the percentage of properties for sale in the city is 2.00%. Port Murray, NJ currently has 15 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 2 properties for sale.
Port Murray, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07865 | $ 387,750 $ 225/sqft |
Housing Market Summary for Port Murray, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $315K | $451.4K | 43.30% |
| Median Sold Price | $380.6K | $451.4K | 18.60% |
| Homes For Sale | 8 | 3 | -62.50% |
| Homes Sold | 19 | 32 | 68.42% |
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 Port Murray, NJ
Browse Homes in Port Murray, NJ
Port Murray home values range from $101,900 to $1,131,000. The median estimated value of a home in Port Murray is $448,193.33. The median list price of a home is 419,450, and the total count of properties in the city is 980.
- Pre-ForeclosurePre-foreclosure homes account for 1.22% of all residential properties in Port Murray, NJ with 07865 containing 12 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Port Murray, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $699,800 in 07865 to the lowest home value of $209,900 in 07865.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Port Murray, NJ ranges from the highest value of $666,900 in 07865 to the lowest value of $666,900 in 07865. Bank owned homes and properties account for 0.10% of properties in Port Murray, NJ. There is 1 zips within Port Murray, NJ; 07865 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07865 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Port Murray, NJ. Auction homes and other auction properties account for 0.20% of all properties in Port Murray, NJ. There is 1 zips within Port Murray, NJ; of that zips, the median estimated home value for homes going to auction ranges from $382,500 in 07865 to the lowest value of $325,500 in 07865.
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Guide for Port Murray, 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.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.