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Preforeclosure Homes in Phillipsburg, NJ 08865

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Living in Phillipsburg, NJ

Phillipsburg, NJ is a charming riverside town offering a strong sense of community and rich historical background. With access to outdoor activities, quality local schools, and a variety of amenities, it presents an ideal location for families and individuals alike. The town's quaint atmosphere combined with its strategic access to major transport routes makes it a desirable choice for suburban living.

Current Market Conditions in Phillipsburg, NJ

The real estate market in Phillipsburg has shown promising growth, following a trend observed in many small towns across the country. Housing demand remains steady, driven by low inventory levels and an influx of buyers seeking affordable properties with a suburban feel. As remote work continues to influence housing decisions, more individuals are looking towards towns like Phillipsburg for their next home beyond urban areas.

The past few months have seen increasing interest in single-family homes, with many properties receiving multiple offers shortly after listing. Potential buyers are drawn by the affordability of homes in comparison to neighboring towns, making Phillipsburg an attractive option for first-time home buyers and families.

Home Value Estimator For Phillipsburg, NJ

There are currently 9,634 real estate properties in Phillipsburg, NJ, with a median automated valuation model (AVM) price of $298,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Phillipsburg, 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 Phillipsburg, NJ, is $320,506.00, with the most expensive house in Phillipsburg, NJ, topping out at $14,716,920.00 and the cheapest home in Phillipsburg, NJ, clocking in at $24,990.00. In other words, there’s something for every potential homebuyer or savvy investor in Phillipsburg, NJ!

Rent Prices In Phillipsburg, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phillipsburg, NJ, is on a rollercoaster ride. The average rent price in Phillipsburg, NJ, is $1,840.00. Indeed, when looking to rent in Phillipsburg, NJ, you can expect to pay as little as $1,090.00 or as much as $3,260.00, with the average rent median estimated to be $1,820.00. The good news is that finding an affordable and desirable property to rent in Phillipsburg, 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.

Phillipsburg, NJ 08865 Preforeclosure Homes


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