Port Elizabeth, NJ Foreclosures
How much do homes sell for in Port Elizabeth, NJ?
The average home price is currently $251,506.
In Port Elizabeth, NJ, how many homes are available?
There are currently 388 active home listings available in Port Elizabeth.
What’s the average rental cost in Port Elizabeth, NJ?
The average rental price in Port Elizabeth is $1,413.
What is the most expensive home in Port Elizabeth?
The most expensive home sold in Port Elizabeth had a price of $921,528.
What is currently the cheapest priced home in Port Elizabeth, NJ?
The cheapest home for sale in Port Elizabeth is priced at $56,870.
Living in Port Elizabeth, NJ
Port Elizabeth, NJ, is a charming waterfront community that provides a perfect blend of serene living and easy access to urban amenities. With its picturesque views, vibrant local culture, and recreational activities, it's an appealing place for families and individuals alike. The town's strong sense of community and excellent schools add to its attractiveness, making it a desirable location to call home.
Current Market Conditions in Port Elizabeth, NJ
The real estate market in Port Elizabeth has shown significant growth over the past few years, driven by its scenic location and appealing small-town atmosphere. Home prices have steadily increased, with an uptick in demand from both buyers and investors looking to capitalize on the area’s potential. The market remains competitive with various styles of homes available, from historic charmers to newer constructions, attracting diverse demographics.
Currently, Port Elizabeth's housing market displays a trend towards increased prices, with median sale prices having risen approximately 9% from the previous year. This growth reflects the area’s desirability, spurred on by ongoing improvements in local amenities and infrastructure. As inventory remains relatively low, prospective buyers may need to act quickly to secure properties.
Home Value Estimator For Port Elizabeth, NJ
There are currently 38 real estate properties
in Port Elizabeth, NJ,
with a median automated valuation model (AVM) price
of $204,027.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Port Elizabeth, 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 Port Elizabeth, NJ,
is $251,506.00, with the most expensive house
in Port Elizabeth, NJ, topping out
at $921,528.00 and the cheapest home
in Port Elizabeth, NJ,
clocking in at $56,870.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Port Elizabeth, NJ!
Rent Prices
In Port Elizabeth, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Port Elizabeth, NJ, is on
a rollercoaster ride. The
average rent price in Port Elizabeth, NJ,
is $1,413.00. Indeed, when looking to rent in
Port Elizabeth, NJ, you can expect to pay as little
as $1,190.00 or as much
as $1,930.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Port Elizabeth, 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.
Learn more on Foreclosure homes
