Riverside, NJ Home Values & Market Trends

Real estate market trends reflect that there have been 179 transactions over the past year in Riverside. The median value for residential home transactions that occurred over the previous year is $274,425.69. The number of current listings in Riverside is 6, and the percentage of properties for sale in the city is 6.00%. Riverside, NJ currently has 88 properties in foreclosure, 1 bank owned properties, 7 properties headed for auction, and 6 properties for sale.

Riverside, NJ Real Estate Market Overview

ZipMedian Est. Value
08075

$ 340,400

$ 176/sqft

Housing Market Summary for Riverside, NJ

Apr 2023March 2024Change
Median Listing Price$325K$265.6K-18.28%
Median Sold Price$220.3K$265.6K20.56%
Homes For Sale95-44.44%
Homes Sold8682-4.65%
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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 Riverside, NJ

Riverside home values range from $115,900 to $866,300. The median estimated value of a home in Riverside is $274,425.69. The median list price of a home is 274,950, and the total count of properties in the city is 3,386.

Foreclosure
There is 1 zips within Riverside, NJ; within this zips, the median estimated home value for homes in foreclosure ranges from $674,900 in 08075 to the lowest value of $115,900 in 08075. Foreclosure homes account for 2.00% of properties in Riverside, NJ with 08075 containing 184 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 2.36% of all residential properties in Riverside, NJ with 08075 containing 166 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Riverside, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $674,900 in 08075 to the lowest home value of $131,100 in 08075.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Riverside, NJ ranges from the highest value of $241,500 in 08075 to the lowest value of $115,900 in 08075. Bank owned homes and properties account for 0.03% of properties in Riverside, NJ. There is 1 zips within Riverside, NJ; 08075 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    08075 has 14 auction properties, the highest number of properties going to auction in a single zip in the state of Riverside, NJ. Auction homes and other auction properties account for 0.21% of all properties in Riverside, NJ. There is 1 zips within Riverside, NJ; of that zips, the median estimated home value for homes going to auction ranges from $402,400 in 08075 to the lowest value of $146,200 in 08075.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.18% of residential properties in Riverside, NJ with 08075 containing 24 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Riverside, NJ; homes for sale in that zips, have a range of median values from $562,000 in 08075 to the lowest value of $131,100 in 08075.
    Sold Homes
    The median value for recently sold homes ranges from $599,400 in 08075 to the lowest price of $117,600 in 08075. There is 1 zips within Riverside, NJ. 08075 has 199 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.36% of properties in Riverside, NJ.

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      Guide for Riverside, NJ

      California
      Riverside Property Values Soar in 2023 Amid Fierce Housing Market Trends
      Market Reports
      Newark Real Estate Market Report, March 2024
      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      See More Articles
      Riverside Property Values Soar in 2023 Amid Fierce Housing Market Trends
      California|posted 15 February 2024

      In 2023, house prices saw a steady increase, ending the year at avg 625k

      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.

      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.