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Foreclosures in Mendham, NJ 07945

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Mendham, NJ Foreclosures

How much do homes sell for in Mendham, NJ?
The average home price is currently $1,178,305.
In Mendham, NJ, how many homes are available?
There are currently 29 active home listings available in Mendham.
What’s the average rental cost in Mendham, NJ?
The average rental price in Mendham is $3,161.
What is the most expensive home in Mendham?
The most expensive home sold in Mendham had a price of $12,990,000.
What is currently the cheapest priced home in Mendham, NJ?
The cheapest home for sale in Mendham is priced at $36,232.

Living in Mendham, NJ

Mendham, located in Morris County, NJ, is a charming suburban town that offers a blend of historical charm and modern amenities. With its picturesque landscapes and top-rated schools, it is an attractive location for families and professionals alike. The town features various local businesses, parks, and a strong sense of community.

Current Market Conditions in Mendham, NJ

The current real estate market in Mendham is competitive, with a mix of historic homes and new construction attracting various buyers. The demand for properties has increased, leading to rising home prices, making it essential for potential buyers to act swiftly when they find a suitable listing.

Recent trends indicate a growing interest in larger homes with outdoor spaces as more people prioritize comfort and private areas due to the pandemic. Many buyers are looking for properties that offer home offices and backyard spaces.

Home Value Estimator For Mendham, NJ

There are currently 3,307 real estate properties in Mendham, NJ, with a median automated valuation model (AVM) price of $1,048,352.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mendham, 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 Mendham, NJ, is $1,178,305.00, with the most expensive house in Mendham, NJ, topping out at $12,990,000.00 and the cheapest home in Mendham, NJ, clocking in at $36,232.00. In other words, there’s something for every potential homebuyer or savvy investor in Mendham, NJ!

Rent Prices In Mendham, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mendham, NJ, is on a rollercoaster ride. The average rent price in Mendham, NJ, is $3,161.00. Indeed, when looking to rent in Mendham, NJ, you can expect to pay as little as $1,140.00 or as much as $5,960.00, with the average rent median estimated to be $2,960.00. The good news is that finding an affordable and desirable property to rent in Mendham, 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.

Mendham, NJ 07945 Foreclosures

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