Rockaway, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 291 transactions over the past year in Rockaway. The median value for residential home transactions that occurred over the previous year is $491,861.77. The number of current listings in Rockaway is 24, and the percentage of properties for sale in the city is 24.00%. Rockaway, NJ currently has 63 properties in foreclosure, 0 bank owned properties, 5 properties headed for auction, and 24 properties for sale.
Rockaway, NJ Real Estate Market Overview
Zip | Median Est. Value |
---|---|
07866 | $ 519,600 $ 291/sqft |
Housing Market Summary for Rockaway, NJ
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $445K | $470.5K | 5.73% |
Median Sold Price | $425K | $470.5K | 10.71% |
Homes For Sale | 25 | 21 | -16.00% |
Homes Sold | 165 | 144 | -12.73% |
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 Rockaway, NJ
Browse Homes in Rockaway, NJ
Rockaway home values range from $216,100 to $1,676,000. The median estimated value of a home in Rockaway is $491,861.77. The median list price of a home is 487,444, and the total count of properties in the city is 7,889.
- Pre-ForeclosurePre-foreclosure homes account for 0.74% of all residential properties in Rockaway, NJ with 07866 containing 58 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Rockaway, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,213,000 in 07866 to the lowest home value of $353,700 in 07866.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Rockaway, 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 Rockaway, NJ. There is 1 zips within Rockaway, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07866 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Rockaway, NJ. Auction homes and other auction properties account for 0.06% of all properties in Rockaway, NJ. There is 1 zips within Rockaway, NJ; of that zips, the median estimated home value for homes going to auction ranges from $634,800 in 07866 to the lowest value of $361,000 in 07866.
Compare Nearby Cities
More Real Estate Resources for Rockaway, NJ
Guide for Rockaway, 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.