Monroe Township, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 1,059 transactions over the past year in Monroe Township. The median value for residential home transactions that occurred over the previous year is $566,961.07. The number of current listings in Monroe Township is 125, and the percentage of properties for sale in the city is 125.00%. Monroe Township, NJ currently has 101 properties in foreclosure, 3 bank owned properties, 5 properties headed for auction, and 125 properties for sale.
Monroe Township, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08831 | $ 600,100 $ 285/sqft |
Housing Market Summary for Monroe Township, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $515K | $447K | -13.20% |
| Median Sold Price | $358.9K | $447K | 24.56% |
| Homes For Sale | 85 | 114 | 34.12% |
| Homes Sold | 602 | 539 | -10.47% |
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 Monroe Township, NJ
Browse Homes in Monroe Township, NJ
Monroe Township home values range from $176,100 to $1,014,000. The median estimated value of a home in Monroe Township is $566,961.07. The median list price of a home is 599,000, and the total count of properties in the city is 21,048.
- Pre-ForeclosurePre-foreclosure homes account for 0.44% of all residential properties in Monroe Township, NJ with 08831 containing 112 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Monroe Township, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $988,800 in 08831 to the lowest home value of $213,600 in 08831.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Monroe Township, NJ ranges from the highest value of $465,500 in 08831 to the lowest value of $231,300 in 08831. Bank owned homes and properties account for 0.01% of properties in Monroe Township, NJ. There is 1 zips within Monroe Township, NJ; 08831 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08831 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Monroe Township, NJ. Auction homes and other auction properties account for 0.02% of all properties in Monroe Township, NJ. There is 1 zips within Monroe Township, NJ; of that zips, the median estimated home value for homes going to auction ranges from $915,200 in 08831 to the lowest value of $210,500 in 08831.
Compare Nearby Cities
More Real Estate Resources for Monroe Township, NJ
Guide for Monroe Township, NJ
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