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Short Sale Listings in Monroe, NJ

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Living in Monroe, NJ

Monroe, NJ is a vibrant suburban town that presents excellent living conditions for families and retirees. With its blend of outdoor activities, convenient transportation, and ample amenities, Monroe is an attractive option for real estate investment. The area’s strong community spirit enhances the overall appeal of this ideal location.

Current Market Conditions in Monroe, NJ

Monroe’s real estate market is experiencing steady growth, fueled by an influx of new residents seeking suburban tranquility while maintaining access to city conveniences. Property values have been on an upward trend, making it an opportune time for investors to consider purchasing properties in the area before prices escalate further.

The demand for homes in Monroe is supported by its diverse range of residential options, from single-family homes to apartment complexes, catering to various buyer preferences. The low inventory of homes for sale often leads to competitive bidding, ensuring that properties retain their value over time.

Home Value Estimator For Monroe, NJ

There are currently 1,256 real estate properties in Monroe, NJ, with a median automated valuation model (AVM) price of $702,942.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monroe, 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 Monroe, NJ, is $689,062.00, with the most expensive house in Monroe, NJ, topping out at $4,672,262.00 and the cheapest home in Monroe, NJ, clocking in at $79,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Monroe, NJ!

Rent Prices In Monroe, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monroe, NJ, is on a rollercoaster ride. The average rent price in Monroe, NJ, is $2,391.00. Indeed, when looking to rent in Monroe, NJ, you can expect to pay as little as $980.00 or as much as $4,680.00, with the average rent median estimated to be $2,540.00. The good news is that finding an affordable and desirable property to rent in Monroe, 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.

Monroe, NJ Short Sale Listings


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