Metuchen, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 224 transactions over the past year in Metuchen. The median value for residential home transactions that occurred over the previous year is $576,778.96. The number of current listings in Metuchen is 23, and the percentage of properties for sale in the city is 23.00%. Metuchen, NJ currently has 40 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 23 properties for sale.
Metuchen, NJ Real Estate Market Overview
Zip | Median Est. Value |
---|---|
08840 | $ 612,000 $ 389/sqft |
Housing Market Summary for Metuchen, NJ
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $577.5K | $529.2K | -8.36% |
Median Sold Price | $515K | $529.2K | 2.76% |
Homes For Sale | 12 | 21 | 75.00% |
Homes Sold | 91 | 94 | 3.30% |
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 Metuchen, NJ
Browse Homes in Metuchen, NJ
Metuchen home values range from $187,600 to $1,014,000. The median estimated value of a home in Metuchen is $576,778.96. The median list price of a home is 650,000, and the total count of properties in the city is 5,501.
- Pre-ForeclosurePre-foreclosure homes account for 0.64% of all residential properties in Metuchen, NJ with 08840 containing 35 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Metuchen, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $735,500 in 08840 to the lowest home value of $358,100 in 08840.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Metuchen, NJ ranges from the highest value of $881,600 in 08840 to the lowest value of $881,600 in 08840. Bank owned homes and properties account for 0.02% of properties in Metuchen, NJ. There is 1 zips within Metuchen, NJ; 08840 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08840 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Metuchen, NJ. Auction homes and other auction properties account for 0.07% of all properties in Metuchen, NJ. There is 1 zips within Metuchen, NJ; of that zips, the median estimated home value for homes going to auction ranges from $649,800 in 08840 to the lowest value of $385,300 in 08840.
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Guide for Metuchen, 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.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.