08242 Home Values & Market Trends
There are 51 homes currently listed for 08242. 08242 real estate market trends show that home prices range from $250,000 to $1,250,000, and the median sales price in the 08242 zip code is $449,900. The total number of properties sold within the past twelve months is 84. In 08242, 15 properties are in foreclosure, 1 are bank owned properties,and 3 are headed for auction.
Housing Market Summary for 08242
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $499K | $491K | -1.60% |
| Median Sold Price | $404.6K | $446.8K | 10.45% |
| Homes For Sale | 37 | 51 | 37.84% |
| Homes Sold | 14 | 38 | 171.43% |
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 08242
Browse Homes in 08242
The median list price of a home in Rio Grande, is $449,900. A total of 51 properties are for sale, and the percentage of properties for sale in the zip code is 51.00%. The total count of 08242 properties is 122.
- Pre-ForeclosurePre-foreclosure homes account for 9.02% of all residential properties in 08242 with rio grande containing 11 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 08242; of that cities, the estimated home value for pre-foreclosure homes ranges from $995,000 in rio grande to the lowest home value of $293,075 in rio grande.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 08242 ranges from the highest value of $0 in rio grande to the lowest value of $0 in rio grande. Bank owned homes and properties account for 0.82% of properties in 08242. There is 1 cities within 08242; rio grande containing 1 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsrio grande has 3 auction properties, the highest number of properties going to auction in a single city in the state of 08242. Auction homes and other auction properties account for 2.46% of all properties in 08242. There is 1 cities within 08242; of that cities, the median estimated home value for homes going to auction ranges from $362,333 in rio grande to the lowest value of $300,000 in rio grande.
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Guide for 08242
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.
Tips to find a home in pre-foreclosure and get a good deal on a new home.