08831 Home Values & Market Trends

There are 140 homes currently listed for 08831. 08831 real estate market trends show that home prices range from $3,200 to $4,999,000, and the median sales price in the 08831 zip code is $540,843.67. The total number of properties sold within the past twelve months is 1,162. In 08831, 119 properties are in foreclosure, 4 are bank owned properties,and 6 are headed for auction.

08831 Real Estate Market Overview

CityMedian Est. Value
Monroe Township

$ 641,300

$ 289/sqft

Housing Market Summary for 08831

Apr 2023March 2024Change
Median Listing Price$515K$437K-15.15%
Median Sold Price$359.9K$437K21.41%
Homes For Sale9512430.53%
Homes Sold645583-9.61%
Price
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Homes For Sale
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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 08831

The median list price of a home in Monroe Township, is $540,843.67. A total of 140 properties are for sale, and the percentage of properties for sale in the zip code is 140.00%. The total count of 08831 properties is 23,140.

Foreclosure
There is 1 cities within 08831; within this cities, the median estimated home value for homes in foreclosure ranges from $988,800 in monroe township to the lowest value of $213,600 in monroe township. Foreclosure homes account for 0.00% of properties in 08831 with monroe township containing 97 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.47% of all residential properties in 08831 with monroe township containing 89 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 08831; of that cities, the estimated home value for pre-foreclosure homes ranges from $988,800 in monroe township to the lowest home value of $213,600 in monroe township.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 08831 ranges from the highest value of $422,700 in monroe township to the lowest value of $231,300 in monroe township. Bank owned homes and properties account for 0.02% of properties in 08831. There is 1 cities within 08831; monroe township containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    monroe township has 6 auction properties, the highest number of properties going to auction in a single city in the state of 08831. Auction homes and other auction properties account for 0.03% of all properties in 08831. There is 1 cities within 08831; of that cities, the median estimated home value for homes going to auction ranges from $915,200 in monroe township to the lowest value of $264,800 in monroe township.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.61% of residential properties in 08831 with monroe township containing 127 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 08831; homes for sale in that cities, have a range of median values from $1,003,000 in monroe township to the lowest value of $223,900 in monroe township.
    Sold Homes
    The median value for recently sold homes ranges from $1,013,000 in monroe township to the lowest price of $178,500 in monroe township. There is 1 cities within 08831. monroe township has 535 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.49% of properties in 08831.

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      Guide for 08831

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      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
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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.

      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips|posted 26 April 2024

      Are you considering purchasing a foreclosure for your first home? Let’s look potential pitfalls, and essential tips to make an informed decision.

      San Antonio Real Estate Market Report – April 2024
      New York|posted 26 April 2024

      The San Antonio real estate market in 2024 is experiencing a slight decline in average property values, an increase in value per square foot, and a decrease in sales volume.