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Foreclosures in New Providence, NJ

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New Providence, NJ Foreclosures

How much do homes sell for in New Providence, NJ?
The average home price is currently $912,415.
In New Providence, NJ, how many homes are available?
There are currently 10 active home listings available in New Providence.
What’s the average rental cost in New Providence, NJ?
The average rental price in New Providence is $2,916.
What is the most expensive home in New Providence?
The most expensive home sold in New Providence had a price of $3,200,000.
What is currently the cheapest priced home in New Providence, NJ?
The cheapest home for sale in New Providence is priced at $144,958.

Living in New Providence, NJ

New Providence, NJ, is a quaint borough in Union County that features beautiful neighborhoods, top-rated schools, and a strong community spirit. With its easy access to public transportation and local amenities, residents enjoy both suburban tranquility and urban convenience. The area hosts a variety of parks and recreational activities, making it a perfect place for families and individuals alike.

Current Market Conditions in New Providence, NJ

The real estate market in New Providence has remained competitive, with a consistent demand for residential properties. As of now, homes are selling at a rapid pace, often receiving multiple offers. The average time on the market for listings is decreasing, indicating a strong buyer interest, especially in family-sized homes.

Recent trends show an increasing number of families relocating to New Providence due to its excellent school system and community-focused environment. With the shift in work trends towards remote and hybrid models, many people are seeking suburban living, enhancing the appeal of places like New Providence.

Home Value Estimator For New Providence, NJ

There are currently 4,153 real estate properties in New Providence, NJ, with a median automated valuation model (AVM) price of $868,291.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Providence, 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 New Providence, NJ, is $912,415.00, with the most expensive house in New Providence, NJ, topping out at $3,200,000.00 and the cheapest home in New Providence, NJ, clocking in at $144,958.00. In other words, there’s something for every potential homebuyer or savvy investor in New Providence, NJ!

Rent Prices In New Providence, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Providence, NJ, is on a rollercoaster ride. The average rent price in New Providence, NJ, is $2,916.00. Indeed, when looking to rent in New Providence, NJ, you can expect to pay as little as $1,400.00 or as much as $5,000.00, with the average rent median estimated to be $2,780.00. The good news is that finding an affordable and desirable property to rent in New Providence, 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.

New Providence, NJ Foreclosures

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