Watchung, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 63 transactions over the past year in Watchung. The median value for residential home transactions that occurred over the previous year is $888,082.58. The number of current listings in Watchung is 9, and the percentage of properties for sale in the city is 9.00%. Watchung, NJ currently has 19 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 9 properties for sale.
Watchung, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07069 | $ 743,100 $ 332/sqft |
Housing Market Summary for Watchung, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.2M | $862.5K | -27.22% |
| Median Sold Price | $771.1K | $862.5K | 11.85% |
| Homes For Sale | 11 | 10 | -9.09% |
| Homes Sold | 49 | 34 | -30.61% |
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
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Browse Homes in Watchung, NJ
Watchung home values range from $195,100 to $1,576,000. The median estimated value of a home in Watchung is $888,082.58. The median list price of a home is 820,000, and the total count of properties in the city is 1,998.
- Pre-ForeclosurePre-foreclosure homes account for 0.85% of all residential properties in Watchung, NJ with 07069 containing 18 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Watchung, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,518,000 in 07069 to the lowest home value of $538,400 in 07069.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Watchung, 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 Watchung, NJ. There is 1 zips within Watchung, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07069 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Watchung, NJ. Auction homes and other auction properties account for 0.10% of all properties in Watchung, NJ. There is 1 zips within Watchung, NJ; of that zips, the median estimated home value for homes going to auction ranges from $830,600 in 07069 to the lowest value of $628,800 in 07069.
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Guide for Watchung, NJ
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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.
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
Biloxi’s real estate market shows dynamic growth and consumer confidence, with property values rising from $271,000 to $290,000 within a year, despite some price fluctuations.