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Cheap Homes in Peapack, NJ

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Peapack, NJ Foreclosures

Current Market Conditions in in Peapack, NJ As of January 2026?
In the past month, Peapack has experienced a slight uptick in home sales, signaling a continuation of the robust real estate activity seen earlier in the year. As the summer season comes to a close, potential buyers are looking to finalize their purchases before the start of the school year, leading to a competitive market environment. Inventory levels have fluctuated, resulting in a range of property types that accommodate both first-time homebuyers and those seeking luxury estates. Recent interest rate changes have also affected buying power, prompting some potential buyers to either seize opportunities or reevaluate their purchasing strategies in light of financial considerations.
How much do homes sell for in Peapack, NJ?
The average home price is currently $1,240,563.
What’s the average rental cost in Peapack, NJ?
The average rental price in Peapack is $2,952.
What is the most expensive home in Peapack?
The most expensive home sold in Peapack had a price of $4,669,648.
What is currently the cheapest priced home in Peapack, NJ?
The cheapest home for sale in Peapack is priced at $20,789.

Living in Peapack, NJ

Peapack, NJ, is a charming small town in Somerset County known for its picturesque landscapes and historic homes. This community offers a peaceful lifestyle with excellent schools, outdoor recreational opportunities, and a friendly atmosphere. With proximity to major transport routes, residents can easily access urban amenities while enjoying the charm of country living.

Buyer vs Seller Market in Peapack, NJ

The Peapack real estate market has seen a strong demand this year, with home values steadily increasing as more people are drawn to the area's tranquil lifestyle and scenic beauty. Listings often receive multiple offers within days, highlighting the competitive nature of the market. Buyers should be prepared to act quickly to secure properties in this desirable location.

Recent months have indicated a sustained interest in luxury properties and larger homes as remote work trends continue. The demand for larger outdoor spaces has also spurred buying activity, particularly since Peapack offers ample natural surroundings and expansive lots.

Home Value Estimator For Peapack, NJ

There are currently 127 real estate properties in Peapack, NJ, with a median automated valuation model (AVM) price of $851,442.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Peapack, 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 Peapack, NJ, is $1,240,563.00, with the most expensive house in Peapack, NJ, topping out at $4,669,648.00 and the cheapest home in Peapack, NJ, clocking in at $20,789.00. In other words, there’s something for every potential homebuyer or savvy investor in Peapack, NJ!

Rent Prices In Peapack, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Peapack, NJ, is on a rollercoaster ride. The average rent price in Peapack, NJ, is $2,952.00. Indeed, when looking to rent in Peapack, NJ, you can expect to pay as little as $1,890.00 or as much as $5,070.00, with the average rent median estimated to be $2,880.00. The good news is that finding an affordable and desirable property to rent in Peapack, 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.

Cheap Homes in Peapack, NJ


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