07407 Home Values & Market Trends
There are 7 homes currently listed for 07407. 07407 real estate market trends show that home prices range from $3,500 to $575,000, and the median sales price in the 07407 zip code is $551,171.74. The total number of properties sold within the past twelve months is 145. In 07407, 39 properties are in foreclosure, 0 are bank owned properties,and 5 are headed for auction.
Housing Market Summary for 07407
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $349K | $523.1K | 49.89% |
Median Sold Price | $491K | $523.1K | 6.54% |
Homes For Sale | 7 | 9 | 28.57% |
Homes Sold | 96 | 73 | -23.96% |
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 07407
Browse Homes in 07407
The median list price of a home in Elmwood Park, is $551,171.74. A total of 7 properties are for sale, and the percentage of properties for sale in the zip code is 7.00%. The total count of 07407 properties is 4,871.
- Pre-ForeclosurePre-foreclosure homes account for 0.70% of all residential properties in 07407 with elmwood park containing 34 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07407; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,209,000 in elmwood park to the lowest home value of $418,500 in elmwood park.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07407 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 07407. There is 1 cities within 07407; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionselmwood park has 5 auction properties, the highest number of properties going to auction in a single city in the state of 07407. Auction homes and other auction properties account for 0.10% of all properties in 07407. There is 1 cities within 07407; of that cities, the median estimated home value for homes going to auction ranges from $927,700 in elmwood park to the lowest value of $503,000 in elmwood park.
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Guide for 07407
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.