Randolph, NJ Foreclosures
How much do homes sell for in Randolph, NJ?
The average home price is currently $829,500.
In Randolph, NJ, how many homes are available?
There are currently 1 active home listings available in Randolph.
What’s the average rental cost in Randolph, NJ?
The average rental price in Randolph is $2,675.
What is the most expensive home in Randolph?
The most expensive home sold in Randolph had a price of $31,497,290.
What is currently the cheapest priced home in Randolph, NJ?
The cheapest home for sale in Randolph is priced at $16,887.
Living in Randolph, NJ
Randolph is a suburban township located in Morris County, New Jersey, known for its vibrant community and excellent school system. The township offers a mix of residential areas with access to numerous parks and recreational facilities, making it popular among families. With a rich history and a variety of local amenities, Randolph provides a comfortable and engaging environment for its residents.
Current Market Conditions in Randolph, NJ
The real estate market in Randolph, NJ, is currently experiencing a steady growth trend with a moderate increase in property values over the past year. The demand for homes in this township remains strong due to its desirable location, school system, and community amenities. Buyers are showing interest in both new constructions and established homes, indicating a balanced market with options for various preferences and budgets.
Recent market analyses show a competitive environment, especially for homes in well-rated school districts, which tend to sell quickly. The inventory of homes available in Randolph is relatively low, contributing to the upward pressure on prices. As more families seek suburban living combined with urban accessibility, the trend towards suburban developments is expected to continue.
Home Value Estimator For Randolph, NJ
There are currently 7,609 real estate properties
in Randolph, NJ,
with a median automated valuation model (AVM) price
of $778,549.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Randolph, 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 Randolph, NJ,
is $829,500.00, with the most expensive house
in Randolph, NJ, topping out
at $31,497,290.00 and the cheapest home
in Randolph, NJ,
clocking in at $16,887.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Randolph, NJ!
Rent Prices
In Randolph, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Randolph, NJ, is on
a rollercoaster ride. The
average rent price in Randolph, NJ,
is $2,675.00. Indeed, when looking to rent in
Randolph, NJ, you can expect to pay as little
as $1,240.00 or as much
as $5,620.00,
with the average rent median estimated to
be $2,660.00. The good news is that finding
an affordable and desirable property to rent in Randolph, 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.
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