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Preforeclosure Homes in Paramus, NJ 07645

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Living in Paramus, NJ

Paramus, NJ is a thriving suburban area known for its exceptional schools, ample shopping options, and family-friendly atmosphere. With a variety of parks and recreational activities, residents enjoy a balanced lifestyle. Its accessibility to major highways and public transportation makes commuting to nearby cities convenient.

Current Market Conditions in Paramus, NJ

The real estate market in Paramus is competitive, characterized by a mix of single-family homes, townhouses, and condominiums. The demand for housing remains strong, with many families seeking to settle in this desirable area due to its excellent schools and community amenities.

Recent trends show an increase in home prices, partly due to the limited inventory of available properties. Homes sell quickly, often above the asking price, due to the area's desirable location and lifestyle offerings.

Home Value Estimator For Paramus, NJ

There are currently 8,428 real estate properties in Paramus, NJ, with a median automated valuation model (AVM) price of $963,850.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Paramus, 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 Paramus, NJ, is $1,079,576.00, with the most expensive house in Paramus, NJ, topping out at $8,819,117.00 and the cheapest home in Paramus, NJ, clocking in at $17,388.00. In other words, there’s something for every potential homebuyer or savvy investor in Paramus, NJ!

Rent Prices In Paramus, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Paramus, NJ, is on a rollercoaster ride. The average rent price in Paramus, NJ, is $3,087.00. Indeed, when looking to rent in Paramus, NJ, you can expect to pay as little as $1,620.00 or as much as $5,380.00, with the average rent median estimated to be $3,000.00. The good news is that finding an affordable and desirable property to rent in Paramus, 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.

Paramus, NJ 07645 Preforeclosure Homes


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