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Short Sale Listings in Old Tappan, NJ

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Old Tappan, NJ Foreclosures

How much do homes sell for in Old Tappan, NJ?
The average home price is currently $1,256,245.
In Old Tappan, NJ, how many homes are available?
There are currently 3 active home listings available in Old Tappan.
What’s the average rental cost in Old Tappan, NJ?
The average rental price in Old Tappan is $3,316.
What is the most expensive home in Old Tappan?
The most expensive home sold in Old Tappan had a price of $6,293,947.
What is currently the cheapest priced home in Old Tappan, NJ?
The cheapest home for sale in Old Tappan is priced at $219,936.

Living in Old Tappan, NJ

Old Tappan, NJ, is a charming suburban community known for its family-friendly atmosphere, excellent schools, and beautiful parks. With a rich history and a strong sense of community, it offers residents a peaceful lifestyle just minutes from urban conveniences. The town's quaint shops and varied dining options enhance the local living experience.

Current Market Conditions in Old Tappan, NJ

The real estate market in Old Tappan has remained relatively stable, with a consistent demand for single-family homes due to its desirable location and school system. Buyers are drawn to the variety of housing options, ranging from historic properties to modern developments, creating competition in many price segments.

In recent months, sellers have been encouraged by rising home values, although inventory levels remain low. This has led to quicker sales, as buyers are eager to find homes before interest rates rise further. As a result, homes are often receiving multiple offers and selling for above listing price.

Home Value Estimator For Old Tappan, NJ

There are currently 2,026 real estate properties in Old Tappan, NJ, with a median automated valuation model (AVM) price of $1,099,418.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Old Tappan, 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 Old Tappan, NJ, is $1,256,245.00, with the most expensive house in Old Tappan, NJ, topping out at $6,293,947.00 and the cheapest home in Old Tappan, NJ, clocking in at $219,936.00. In other words, there’s something for every potential homebuyer or savvy investor in Old Tappan, NJ!

Rent Prices In Old Tappan, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Old Tappan, NJ, is on a rollercoaster ride. The average rent price in Old Tappan, NJ, is $3,316.00. Indeed, when looking to rent in Old Tappan, NJ, you can expect to pay as little as $1,860.00 or as much as $6,240.00, with the average rent median estimated to be $3,220.00. The good news is that finding an affordable and desirable property to rent in Old Tappan, 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.

Old Tappan, NJ Short Sale Listings

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