Bayonne, NJ Foreclosures
How much do homes sell for in Bayonne, NJ?
The average home price is currently $654,765.
What’s the average rental cost in Bayonne, NJ?
The average rental price in Bayonne is $1,744.
What is the most expensive home in Bayonne?
The most expensive home sold in Bayonne had a price of $117,321,240.
What is currently the cheapest priced home in Bayonne, NJ?
The cheapest home for sale in Bayonne is priced at $32,493.
Living in Bayonne, NJ
Bayonne, New Jersey is a vibrant city located on the Hudson River with a rich history and a thriving community. Its waterfront provides stunning views of the Manhattan skyline, while its diverse neighborhoods offer a mix of suburban charm and urban amenities. Residents enjoy access to parks, dining, cultural events, and convenient transportation options into New York City.
Current Market Conditions in Bayonne, NJ
The Bayonne real estate market is currently experiencing steady growth, attributed to its increasing popularity among homebuyers seeking affordability near New York City. With the city's ongoing redevelopment plans and infrastructure improvements, the demand for housing is on the rise, leading to a competitive market for listings. Buyers can expect a mix of single-family homes, condos, and apartments in various price ranges, catering to different preferences and budgets.
The rental market in Bayonne is also buoyant, with a higher-than-average demand for apartments and rental units due to the city's location and accessibility. Investors are eyeing the area for opportunities that arise from the ongoing revitalization projects. This trend indicates a confidence in the city's future, alongside rising property values.
Home Value Estimator For Bayonne, NJ
There are currently 12,972 real estate properties
in Bayonne, NJ,
with a median automated valuation model (AVM) price
of $633,813.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Bayonne, NJ, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Bayonne, NJ,
is $654,765.00, with the most expensive house
in Bayonne, NJ, topping out
at $117,321,240.00 and the cheapest home
in Bayonne, NJ,
clocking in at $32,493.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bayonne, NJ!
Rent Prices
In Bayonne, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Bayonne, NJ, is on
a rollercoaster ride. The
average rent price in Bayonne, NJ,
is $1,744.00. Indeed, when looking to rent in
Bayonne, NJ, you can expect to pay as little
as $980.00 or as much
as $3,540.00,
with the average rent median estimated to
be $1,660.00. The good news is that finding
an affordable and desirable property to rent in Bayonne, NJ
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
