Great Meadows, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 40 transactions over the past year in Great Meadows. The median value for residential home transactions that occurred over the previous year is $455,622. The number of current listings in Great Meadows is 4, and the percentage of properties for sale in the city is 4.00%. Great Meadows, NJ currently has 15 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 4 properties for sale.
Great Meadows, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07838 | $ 464,300 $ 240/sqft |
Housing Market Summary for Great Meadows, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $482.5K | $488.1K | 1.17% |
| Median Sold Price | $384.2K | $488.1K | 27.06% |
| Homes For Sale | 6 | 4 | -33.33% |
| Homes Sold | 22 | 15 | -31.82% |
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 Great Meadows, NJ
Browse Homes in Great Meadows, NJ
Great Meadows home values range from $99,550 to $731,800. The median estimated value of a home in Great Meadows is $455,622. The median list price of a home is 399,900, and the total count of properties in the city is 1,142.
- Pre-ForeclosurePre-foreclosure homes account for 1.31% of all residential properties in Great Meadows, NJ with 07838 containing 15 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Great Meadows, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $624,300 in 07838 to the lowest home value of $169,600 in 07838.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Great Meadows, 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 Great Meadows, NJ. There is 1 zips within Great Meadows, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Great Meadows, NJ. Auction homes and other auction properties account for 0% of all properties in Great Meadows, NJ. There is 1 zips within Great Meadows, NJ; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Great Meadows, 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.
When house prices increase near good school, what options do home buyer have?
Information on foreclosure financing, refinancing, and foreclosure mortgages.