Edison, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 872 transactions over the past year in Edison. The median value for residential home transactions that occurred over the previous year is $541,817.29. The number of current listings in Edison is 113, and the percentage of properties for sale in the city is 113.00%. Edison, NJ currently has 188 properties in foreclosure, 2 bank owned properties, 13 properties headed for auction, and 113 properties for sale.
Edison, NJ Real Estate Market Overview
Housing Market Summary for Edison, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $569.7K | $500.3K | -12.18% |
| Median Sold Price | $470K | $500.3K | 6.45% |
| Homes For Sale | 58 | 115 | 98.28% |
| Homes Sold | 495 | 449 | -9.29% |
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 Edison, NJ
Browse Homes in Edison, NJ
Edison home values range from $177,000 to $1,014,000. The median estimated value of a home in Edison is $541,817.29. The median list price of a home is 629,900, and the total count of properties in the city is 25,683.
- Pre-ForeclosurePre-foreclosure homes account for 0.67% of all residential properties in Edison, NJ with 08817 containing 102 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Edison, NJ; of those zips, the estimated home value for pre-foreclosure homes ranges from $821,700 in 08820 to the lowest home value of $217,000 in 08817.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Edison, NJ ranges from the highest value of $574,400 in 08817 to the lowest value of $574,400 in 08820. Bank owned homes and properties account for 0.01% of properties in Edison, NJ. There are 4 zips within Edison, NJ; 08820 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08817 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Edison, NJ. Auction homes and other auction properties account for 0.05% of all properties in Edison, NJ. There are 4 zips within Edison, NJ; of those zips, the median estimated home value for homes going to auction ranges from $595,400 in 08820 to the lowest value of $202,800 in 08820.
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More Real Estate Resources for Edison, NJ
Guide for Edison, 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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