South Plainfield, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 264 transactions over the past year in South Plainfield. The median value for residential home transactions that occurred over the previous year is $483,861.62. The number of current listings in South Plainfield is 35, and the percentage of properties for sale in the city is 35.00%. South Plainfield, NJ currently has 99 properties in foreclosure, 0 bank owned properties, 4 properties headed for auction, and 35 properties for sale.
South Plainfield, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07080 | $ 474,800 $ 281/sqft |
Housing Market Summary for South Plainfield, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $450K | $457.1K | 1.58% |
| Median Sold Price | $420K | $457.1K | 8.83% |
| Homes For Sale | 15 | 34 | 126.67% |
| Homes Sold | 157 | 148 | -5.73% |
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 Plainfield, NJ
Browse Homes in South Plainfield, NJ
South Plainfield home values range from $183,200 to $988,800. The median estimated value of a home in South Plainfield is $483,861.62. The median list price of a home is 485,000, and the total count of properties in the city is 7,532.
- Pre-ForeclosurePre-foreclosure homes account for 1.26% of all residential properties in South Plainfield, NJ with 07080 containing 95 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within South Plainfield, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $947,400 in 07080 to the lowest home value of $319,900 in 07080.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in South Plainfield, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in South Plainfield, NJ. There is 1 zips within South Plainfield, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07080 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of South Plainfield, NJ. Auction homes and other auction properties account for 0.05% of all properties in South Plainfield, NJ. There is 1 zips within South Plainfield, NJ; of that zips, the median estimated home value for homes going to auction ranges from $705,800 in 07080 to the lowest value of $435,800 in 07080.
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More Real Estate Resources for South Plainfield, NJ
Guide for South Plainfield, 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.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.