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Short Sale Listings in Glen Ridge, NJ 07028

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Living in Glen Ridge, NJ

Glen Ridge, NJ, is a highly desirable suburban community known for its historic charm and strong educational institutions. It features beautiful homes and a friendly atmosphere. Residents benefit from excellent commuting options to nearby cities, making it a perfect location for families and professionals alike.

Current Market Conditions in Glen Ridge, NJ

The real estate market in Glen Ridge has shown resilience and growth, with increasing demand for single-family homes as families seek more space and quality living. With a historic charm and premium schools, the borough has become a sought-after location, driving up property values in recent years.

Currently, the market features a mix of homes with a strong competition among buyers, particularly for homes in good condition and those within desirable school districts. Investors can expect a stable return on investment due to the area's ongoing popularity and limited housing supply.

Home Value Estimator For Glen Ridge, NJ

There are currently 2,444 real estate properties in Glen Ridge, NJ, with a median automated valuation model (AVM) price of $1,063,508.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Glen Ridge, 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 Glen Ridge, NJ, is $1,177,216.00, with the most expensive house in Glen Ridge, NJ, topping out at $17,611,830.00 and the cheapest home in Glen Ridge, NJ, clocking in at $33,006.00. In other words, there’s something for every potential homebuyer or savvy investor in Glen Ridge, NJ!

Rent Prices In Glen Ridge, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Glen Ridge, NJ, is on a rollercoaster ride. The average rent price in Glen Ridge, NJ, is $3,038.00. Indeed, when looking to rent in Glen Ridge, NJ, you can expect to pay as little as $1,300.00 or as much as $5,900.00, with the average rent median estimated to be $3,040.00. The good news is that finding an affordable and desirable property to rent in Glen Ridge, 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.

Glen Ridge, NJ 07028 Short Sale Listings

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