Bound Brook, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 116 transactions over the past year in Bound Brook. The median value for residential home transactions that occurred over the previous year is $450,570.34. The number of current listings in Bound Brook is 8, and the percentage of properties for sale in the city is 8.00%. Bound Brook, NJ currently has 31 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 8 properties for sale.
Bound Brook, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08805 | $ 430,900 $ 338/sqft |
Housing Market Summary for Bound Brook, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $399K | $454.8K | 13.97% |
| Median Sold Price | $422.1K | $454.8K | 7.74% |
| Homes For Sale | 11 | 5 | -54.55% |
| Homes Sold | 70 | 59 | -15.71% |
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 Bound Brook, NJ
Browse Homes in Bound Brook, NJ
Bound Brook home values range from $199,100 to $1,447,000. The median estimated value of a home in Bound Brook is $450,570.34. The median list price of a home is 439,500, and the total count of properties in the city is 2,968.
- Pre-ForeclosurePre-foreclosure homes account for 1.01% of all residential properties in Bound Brook, NJ with 08805 containing 30 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Bound Brook, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $683,200 in 08805 to the lowest home value of $286,600 in 08805.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Bound Brook, 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 Bound Brook, NJ. There is 1 zips within Bound Brook, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08805 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Bound Brook, NJ. Auction homes and other auction properties account for 0.03% of all properties in Bound Brook, NJ. There is 1 zips within Bound Brook, NJ; of that zips, the median estimated home value for homes going to auction ranges from $288,400 in 08805 to the lowest value of $288,400 in 08805.
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Guide for Bound Brook, 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.