South Amboy, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 263 transactions over the past year in South Amboy. The median value for residential home transactions that occurred over the previous year is $434,380.62. The number of current listings in South Amboy is 41, and the percentage of properties for sale in the city is 41.00%. South Amboy, NJ currently has 84 properties in foreclosure, 1 bank owned properties, 6 properties headed for auction, and 41 properties for sale.
South Amboy, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08879 | $ 435,000 $ 303/sqft |
Housing Market Summary for South Amboy, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $392.4K | $429.3K | 9.39% |
| Median Sold Price | $398.1K | $429.3K | 7.84% |
| Homes For Sale | 28 | 37 | 32.14% |
| Homes Sold | 132 | 155 | 17.42% |
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 South Amboy, NJ
Browse Homes in South Amboy, NJ
South Amboy home values range from $176,600 to $1,014,000. The median estimated value of a home in South Amboy is $434,380.62. The median list price of a home is 475,000, and the total count of properties in the city is 6,694.
- Pre-ForeclosurePre-foreclosure homes account for 1.15% of all residential properties in South Amboy, NJ with 08879 containing 77 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within South Amboy, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $874,800 in 08879 to the lowest home value of $241,700 in 08879.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in South Amboy, NJ ranges from the highest value of $388,800 in 08879 to the lowest value of $388,800 in 08879. Bank owned homes and properties account for 0.01% of properties in South Amboy, NJ. There is 1 zips within South Amboy, NJ; 08879 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08879 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of South Amboy, NJ. Auction homes and other auction properties account for 0.09% of all properties in South Amboy, NJ. There is 1 zips within South Amboy, NJ; of that zips, the median estimated home value for homes going to auction ranges from $533,000 in 08879 to the lowest value of $428,400 in 08879.
Compare Nearby Cities
More Real Estate Resources for South Amboy, NJ
Guide for South Amboy, 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.
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?
RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.
