Far Hills, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 51 transactions over the past year in Far Hills. The median value for residential home transactions that occurred over the previous year is $922,261.11. The number of current listings in Far Hills is 7, and the percentage of properties for sale in the city is 7.00%. Far Hills, NJ currently has 6 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 7 properties for sale.
Far Hills, NJ Real Estate Market Overview
Zip | Median Est. Value |
---|---|
07931 | $ 962,700 $ 334/sqft |
Housing Market Summary for Far Hills, NJ
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $1.4M | $823.8K | -42.69% |
Median Sold Price | $1.1M | $823.8K | -25.11% |
Homes For Sale | 4 | 4 | - |
Homes Sold | 23 | 19 | -17.39% |
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 Far Hills, NJ
Browse Homes in Far Hills, NJ
Far Hills home values range from $195,000 to $1,691,000. The median estimated value of a home in Far Hills is $922,261.11. The median list price of a home is 1,200,000, and the total count of properties in the city is 962.
- Pre-ForeclosurePre-foreclosure homes account for 0.52% of all residential properties in Far Hills, NJ with 07931 containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Far Hills, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,424,000 in 07931 to the lowest home value of $730,600 in 07931.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Far Hills, 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 Far Hills, NJ. There is 1 zips within Far Hills, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07931 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Far Hills, NJ. Auction homes and other auction properties account for 0.10% of all properties in Far Hills, NJ. There is 1 zips within Far Hills, NJ; of that zips, the median estimated home value for homes going to auction ranges from $1,540,000 in 07931 to the lowest value of $1,540,000 in 07931.
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More Real Estate Resources for Far Hills, NJ
Guide for Far Hills, 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.