Raritan, NJ Home Values & Market Trends

Real estate market trends reflect that there have been 70 transactions over the past year in Raritan. The median value for residential home transactions that occurred over the previous year is $488,993.33. The number of current listings in Raritan is 1, and the percentage of properties for sale in the city is 1.00%. Raritan, NJ currently has 13 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 1 properties for sale.

Raritan, NJ Real Estate Market Overview

ZipMedian Est. Value
08869

$ 551,700

$ 308/sqft

Housing Market Summary for Raritan, NJ

Mar 2023February 2024Change
Median Listing Price$350K$485.3K38.66%
Median Sold Price$410.9K$485.3K18.12%
Homes For Sale30-100.00%
Homes Sold324334.38%
Price
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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%.

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Browse Homes in Raritan, NJ

Raritan home values range from $213,400 to $1,468,000. The median estimated value of a home in Raritan is $488,993.33. The median list price of a home is 589,000, and the total count of properties in the city is 1,899.

Foreclosure
There is 1 zips within Raritan, NJ; within this zips, the median estimated home value for homes in foreclosure ranges from $1,032,000 in 08869 to the lowest value of $392,600 in 08869. Foreclosure homes account for 0.00% of properties in Raritan, NJ with 08869 containing 13 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.68% of all residential properties in Raritan, NJ with 08869 containing 13 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Raritan, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,032,000 in 08869 to the lowest home value of $392,600 in 08869.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Raritan, 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 Raritan, NJ. There is 1 zips within Raritan, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Raritan, NJ. Auction homes and other auction properties account for 0% of all properties in Raritan, NJ. There is 1 zips within Raritan, NJ; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.05% of residential properties in Raritan, NJ with 08869 containing 1 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Raritan, NJ; homes for sale in that zips, have a range of median values from $551,700 in 08869 to the lowest value of $551,700 in 08869.
    Sold Homes
    The median value for recently sold homes ranges from $779,800 in 08869 to the lowest price of $206,100 in 08869. There is 1 zips within Raritan, NJ. 08869 has 45 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.37% of properties in Raritan, NJ.

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      Guide for Raritan, NJ

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      Newark Real Estate Market Report, March 2024
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      Market Reports|posted 22 March 2024

      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.

      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      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.

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      Market Reports|posted 22 March 2024

      A comparative analysis of nearby cities shows diverse market dynamics in the Wichita real estate market in the first three months of 2024.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Recently Listed Homes Raritan, NJ

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