Living in Dover, NJ
Dover, NJ, is a thriving community with a mix of urban amenities and suburban charm. The town features diverse neighborhoods, excellent schools, and ample recreational opportunities. Its cultural richness and community spirit make it a desirable location for families and individuals alike.
Current Market Conditions in Dover, NJ
The real estate market in Dover, NJ, has been experiencing steady growth and demand over the past few years. As more people seek affordable housing options close to metropolitan areas, Dover's properties have become increasingly attractive. The mix of single-family homes, townhouses, and multifamily residences caters to various buyers, from first-time homeowners to investors looking for rental opportunities.
Current trends show that the market is favoring sellers, with homes often receiving multiple offers and selling above the asking price. Properties in prime locations near schools and public transport have particularly seen an uptick in interest, further boosting market dynamics.
Home Value Estimator For Dover, NJ
There are currently 5,406 real estate properties
in Dover, NJ,
with a median automated valuation model (AVM) price
of $477,351.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Dover, 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 Dover, NJ,
is $483,870.00, with the most expensive house
in Dover, NJ, topping out
at $11,948,556.00 and the cheapest home
in Dover, NJ,
clocking in at $68,362.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Dover, NJ!
Rent Prices
In Dover, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Dover, NJ, is on
a rollercoaster ride. The
average rent price in Dover, NJ,
is $2,051.00. Indeed, when looking to rent in
Dover, NJ, you can expect to pay as little
as $1,090.00 or as much
as $3,420.00,
with the average rent median estimated to
be $2,060.00. The good news is that finding
an affordable and desirable property to rent in Dover, 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.
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