Fort Lee, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 362 transactions over the past year in Fort Lee. The median value for residential home transactions that occurred over the previous year is $711,272.97. The number of current listings in Fort Lee is 30, and the percentage of properties for sale in the city is 30.00%. Fort Lee, NJ currently has 46 properties in foreclosure, 0 bank owned properties, 5 properties headed for auction, and 30 properties for sale.
Fort Lee, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07024 | $ 524,625 $ 370/sqft |
Housing Market Summary for Fort Lee, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $719.5K | $650.3K | -9.61% |
| Median Sold Price | $572.3K | $650.3K | 13.63% |
| Homes For Sale | 32 | 29 | -9.38% |
| Homes Sold | 184 | 171 | -7.07% |
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 Fort Lee, NJ
Browse Homes in Fort Lee, NJ
Fort Lee home values range from $115,566 to $1,951,680. The median estimated value of a home in Fort Lee is $711,272.97. The median list price of a home is 603,500, and the total count of properties in the city is 8,411.
- Pre-ForeclosurePre-foreclosure homes account for 0.49% of all residential properties in Fort Lee, NJ with 07024 containing 41 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Fort Lee, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,522,000 in 07024 to the lowest home value of $240,600 in 07024.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Fort Lee, 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 Fort Lee, NJ. There is 1 zips within Fort Lee, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07024 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Fort Lee, NJ. Auction homes and other auction properties account for 0.06% of all properties in Fort Lee, NJ. There is 1 zips within Fort Lee, NJ; of that zips, the median estimated home value for homes going to auction ranges from $1,510,000 in 07024 to the lowest value of $342,250 in 07024.
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More Real Estate Resources for Fort Lee, NJ
Guide for Fort Lee, 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.
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
Biloxi’s real estate market shows dynamic growth and consumer confidence, with property values rising from $271,000 to $290,000 within a year, despite some price fluctuations.
