Raritan, NJ Foreclosures
How much do homes sell for in Raritan, NJ?
The average home price is currently $568,608.
In Raritan, NJ, how many homes are available?
There are currently 12 active home listings available in Raritan.
What’s the average rental cost in Raritan, NJ?
The average rental price in Raritan is $2,000.
What is the most expensive home in Raritan?
The most expensive home sold in Raritan had a price of $3,189,477.
What is currently the cheapest priced home in Raritan, NJ?
The cheapest home for sale in Raritan is priced at $41,701.
Living in Raritan, NJ
Raritan is a charming borough in Somerset County, New Jersey, known for its rich history and strong sense of community. The borough offers a quaint downtown area with unique shops and dining options, and it's surrounded by beautiful parks and recreational spaces. Residents enjoy a friendly atmosphere and various seasonal events throughout the year.
Current Market Conditions in Raritan, NJ
The real estate market in Raritan, NJ, is currently characterized by a steady demand for single-family homes, with many buyers drawn to its suburban appeal and good school district. The housing inventory remains relatively low, which keeps home prices stable despite fluctuating interest rates. New developments are popping up, catering to the needs of modern families while preserving the town's historical character.
The market has seen a trend toward more families moving to Raritan, drawn by the quality of life and community spirit. The increasing prices of homes are to be expected, but the values remain accessible for first-time buyers compared to nearby urban areas.
Raritan is also witnessing an uptick in renovation projects, with many older homes being updated to meet contemporary living standards. This not only enhances property values but also enriches the community's aesthetic appeal.
Home Value Estimator For Raritan, NJ
There are currently 1,956 real estate properties
in Raritan, NJ,
with a median automated valuation model (AVM) price
of $538,980.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Raritan, 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 Raritan, NJ,
is $568,608.00, with the most expensive house
in Raritan, NJ, topping out
at $3,189,477.00 and the cheapest home
in Raritan, NJ,
clocking in at $41,701.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Raritan, NJ!
Rent Prices
In Raritan, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Raritan, NJ, is on
a rollercoaster ride. The
average rent price in Raritan, NJ,
is $2,000.00. Indeed, when looking to rent in
Raritan, NJ, you can expect to pay as little
as $1,180.00 or as much
as $3,420.00,
with the average rent median estimated to
be $1,960.00. The good news is that finding
an affordable and desirable property to rent in Raritan, 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
