Rutherford, NJ Home Values & Market Trends

Real estate market trends reflect that there have been 166 transactions over the past year in Rutherford. The median value for residential home transactions that occurred over the previous year is $648,584.81. The number of current listings in Rutherford is 32, and the percentage of properties for sale in the city is 32.00%. Rutherford, NJ currently has 34 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 32 properties for sale.

Rutherford, NJ Real Estate Market Overview

ZipMedian Est. Value
07070

$ 636,150

$ 375/sqft

Housing Market Summary for Rutherford, NJ

Apr 2023March 2024Change
Median Listing Price$549K$655K19.31%
Median Sold Price$577.5K$655K13.42%
Homes For Sale212833.33%
Homes Sold9887-11.22%
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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%.

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Browse Homes in Rutherford, NJ

Rutherford home values range from $158,625 to $1,839,000. The median estimated value of a home in Rutherford is $648,584.81. The median list price of a home is 672,000, and the total count of properties in the city is 4,990.

Foreclosure
There is 1 zips within Rutherford, NJ; within this zips, the median estimated home value for homes in foreclosure ranges from $956,200 in 07070 to the lowest value of $370,400 in 07070. Foreclosure homes account for 0.00% of properties in Rutherford, NJ with 07070 containing 34 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.66% of all residential properties in Rutherford, NJ with 07070 containing 33 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Rutherford, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $956,200 in 07070 to the lowest home value of $370,400 in 07070.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Rutherford, 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 Rutherford, NJ. There is 1 zips within Rutherford, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    07070 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Rutherford, NJ. Auction homes and other auction properties account for 0.02% of all properties in Rutherford, NJ. There is 1 zips within Rutherford, NJ; of that zips, the median estimated home value for homes going to auction ranges from $709,100 in 07070 to the lowest value of $709,100 in 07070.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.64% of residential properties in Rutherford, NJ with 07070 containing 32 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Rutherford, NJ; homes for sale in that zips, have a range of median values from $1,060,000 in 07070 to the lowest value of $242,500 in 07070.
    Sold Homes
    The median value for recently sold homes ranges from $881,200 in 07070 to the lowest price of $201,980 in 07070. There is 1 zips within Rutherford, NJ. 07070 has 85 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.70% of properties in Rutherford, NJ.

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      Guide for Rutherford, NJ

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      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      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.

      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      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.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Recently Listed Homes Rutherford, NJ

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