Essex County, NJ Home Values & Market Trends
The median home price in Essex County, NJ is $576,516.55. There were 7,103 home sales in Essex County, NJ over the past 12 months. The median residential Essex County, NJ home value for transactions over the previous year is $531,892.341. The number of current listings in Essex County, NJ is 512, and the percentage of properties for sale is 512.00%. The county has 2,409 foreclosures, 35 bank owned properties, 174 headed for auction, and 512 properties for sale.
Essex County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Newark | $ 403,700 $ 207/sqft | Montclair | $ 1,123,000 $ 504/sqft |
| West Orange | $ 574,200 $ 331/sqft | Caldwell | $ 874,400 $ 343/sqft |
| East Orange | $ 436,700 $ 217/sqft | Nutley | $ 552,600 $ 365/sqft |
| Irvington | $ 359,900 $ 242/sqft | Verona | $ 557,250 $ 339/sqft |
| Orange | $ 429,200 $ 231/sqft | Roseland | $ 885,250 $ 416/sqft |
| Belleville | $ 459,400 $ 325/sqft | Cedar Grove | $ 792,300 $ 326/sqft |
| Maplewood | $ 956,700 $ 451/sqft | Glen Ridge | $ 816,400 $ 445/sqft |
| Bloomfield | $ 615,050 $ 346/sqft | Millburn | $ 1,019,650 $ 572/sqft |
| Livingston | $ 1,050,500 $ 446/sqft | Fairfield | $ 482,600 $ 402/sqft |
| Short Hills | $ 1,524,000 $ 626/sqft | Essex Fells | $ 1,489,500 $ 364/sqft |
| South Orange | $ 1,061,000 $ 374/sqft |
Housing Market Summary for Essex County, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $523.1K | $546.8K | 4.54% |
| Median Sold Price | $479.2K | $546.8K | 14.10% |
| Homes For Sale | 625 | 493 | -21.12% |
| Homes Sold | 3,648 | 3,510 | -3.78% |
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 Essex County, NJ
Browse Homes in Essex County, NJ
Essex County, NJ home values range from $181,600 to $1,980,000. Short Hills is the priciest city with a median listing home price of $1,956,500, and East Orange is most affordable with average house prices of around $394,950.
- Pre-ForeclosurePre-foreclosure homes account for 1.41% of all residential properties in Essex County, NJ with Newark containing 650 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 21 cities within Essex County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,123,000 in Short Hills to the lowest home value of $186,000 in East Orange.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Essex County, NJ ranges from the highest value of $862,000 in Livingston to the lowest value of $218,000 in Newark. Bank owned homes and properties account for 0.02% of properties in Essex County, NJ. There are 21 cities within Essex County, NJ; Newark containing 9 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsNewark has 56 auction properties, the highest number of properties going to auction in a single city in the state of Essex County, NJ. Auction homes and other auction properties account for 0.11% of all properties in Essex County, NJ. There are 21 cities within Essex County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $1,031,000 in Glen Ridge to the lowest value of $268,900 in Glen Ridge.
Compare Nearby Cities
More Real Estate Resources for Essex County, NJ
Guide for Essex County, 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.
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