West Berlin, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 106 transactions over the past year in West Berlin. The median value for residential home transactions that occurred over the previous year is $310,393.64. The number of current listings in West Berlin is 5, and the percentage of properties for sale in the city is 5.00%. West Berlin, NJ currently has 25 properties in foreclosure, 0 bank owned properties, 4 properties headed for auction, and 5 properties for sale.
West Berlin, NJ Real Estate Market Overview
Zip | Median Est. Value |
---|---|
08091 | $ 282,800 $ 238/sqft |
Housing Market Summary for West Berlin, NJ
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $324.9K | $307.6K | -5.34% |
Median Sold Price | $265K | $307.6K | 16.08% |
Homes For Sale | 4 | 6 | 50.00% |
Homes Sold | 51 | 43 | -15.69% |
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 West Berlin, NJ
Browse Homes in West Berlin, NJ
West Berlin home values range from $74,890 to $734,800. The median estimated value of a home in West Berlin is $310,393.64. The median list price of a home is 274,900, and the total count of properties in the city is 2,200.
- Pre-ForeclosurePre-foreclosure homes account for 0.95% of all residential properties in West Berlin, NJ with 08091 containing 21 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within West Berlin, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $442,000 in 08091 to the lowest home value of $196,300 in 08091.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in West Berlin, 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 West Berlin, NJ. There is 1 zips within West Berlin, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08091 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of West Berlin, NJ. Auction homes and other auction properties account for 0.18% of all properties in West Berlin, NJ. There is 1 zips within West Berlin, NJ; of that zips, the median estimated home value for homes going to auction ranges from $356,600 in 08091 to the lowest value of $258,100 in 08091.
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Guide for West Berlin, 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.
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