Medford, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 373 transactions over the past year in Medford. The median value for residential home transactions that occurred over the previous year is $538,950.16. The number of current listings in Medford is 32, and the percentage of properties for sale in the city is 32.00%. Medford, NJ currently has 62 properties in foreclosure, 2 bank owned properties, 3 properties headed for auction, and 32 properties for sale.
Medford, NJ Real Estate Market Overview
Zip | Median Est. Value |
---|---|
08055 | $ 528,300 $ 232/sqft |
Housing Market Summary for Medford, NJ
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $490K | $542.9K | 10.80% |
Median Sold Price | $451.3K | $542.9K | 20.29% |
Homes For Sale | 9 | 25 | 177.78% |
Homes Sold | 219 | 190 | -13.24% |
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 Medford, NJ
Browse Homes in Medford, NJ
Medford home values range from $115,200 to $887,900. The median estimated value of a home in Medford is $538,950.16. The median list price of a home is 554,500, and the total count of properties in the city is 9,993.
- Pre-ForeclosurePre-foreclosure homes account for 0.57% of all residential properties in Medford, NJ with 08055 containing 57 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Medford, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $886,400 in 08055 to the lowest home value of $148,400 in 08055.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Medford, NJ ranges from the highest value of $452,300 in 08055 to the lowest value of $406,500 in 08055. Bank owned homes and properties account for 0.02% of properties in Medford, NJ. There is 1 zips within Medford, NJ; 08055 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08055 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Medford, NJ. Auction homes and other auction properties account for 0.03% of all properties in Medford, NJ. There is 1 zips within Medford, NJ; of that zips, the median estimated home value for homes going to auction ranges from $806,600 in 08055 to the lowest value of $250,600 in 08055.
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Guide for Medford, 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.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.