Rahway, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 451 transactions over the past year in Rahway. The median value for residential home transactions that occurred over the previous year is $455,580.04. The number of current listings in Rahway is 23, and the percentage of properties for sale in the city is 23.00%. Rahway, NJ currently has 124 properties in foreclosure, 0 bank owned properties, 8 properties headed for auction, and 23 properties for sale.
Rahway, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07065 | $ 451,200 $ 303/sqft |
Housing Market Summary for Rahway, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $418K | $433.2K | 3.64% |
| Median Sold Price | $400K | $433.2K | 8.30% |
| Homes For Sale | 31 | 28 | -9.68% |
| Homes Sold | 205 | 206 | 0.49% |
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 Rahway, NJ
Browse Homes in Rahway, NJ
Rahway home values range from $213,700 to $1,690,000. The median estimated value of a home in Rahway is $455,580.04. The median list price of a home is 439,900, and the total count of properties in the city is 7,342.
- Pre-ForeclosurePre-foreclosure homes account for 1.58% of all residential properties in Rahway, NJ with 07065 containing 116 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Rahway, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $793,600 in 07065 to the lowest home value of $295,100 in 07065.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Rahway, 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 Rahway, NJ. There is 1 zips within Rahway, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07065 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Rahway, NJ. Auction homes and other auction properties account for 0.11% of all properties in Rahway, NJ. There is 1 zips within Rahway, NJ; of that zips, the median estimated home value for homes going to auction ranges from $588,600 in 07065 to the lowest value of $354,500 in 07065.
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Guide for Rahway, 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.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
