Red Bank, NJ Foreclosures
How much do homes sell for in Red Bank, NJ?
The average home price is currently $772,015.
In Red Bank, NJ, how many homes are available?
There are currently 20 active home listings available in Red Bank.
What’s the average rental cost in Red Bank, NJ?
The average rental price in Red Bank is $2,502.
What is the most expensive home in Red Bank?
The most expensive home sold in Red Bank had a price of $26,169,519.
What is currently the cheapest priced home in Red Bank, NJ?
The cheapest home for sale in Red Bank is priced at $26,365.
Living in Red Bank, NJ
Red Bank, NJ is a picturesque town on the Navesink River, known for its rich history and thriving arts scene. Residents enjoy a mix of community events, outdoor activities, and a variety of dining and shopping options. With access to quality schools and a strong sense of community, Red Bank is an appealing place to call home.
Current Market Conditions in Red Bank, NJ
The real estate market in Red Bank is currently experiencing a strong demand, with a noticeable increase in home sales and prices over the past few months. The town's desirable location, coupled with an influx of new residents, has contributed to a competitive market. Many homes are receiving multiple offers, indicating a robust interest from buyers looking to settle in the area.
With its excellent amenities, cultural attractions, and outdoor opportunities, Red Bank has become a favored destination for young professionals and families alike. The rise in popularity has driven up home values, making it a promising market for real estate investment.
Home Value Estimator For Red Bank, NJ
There are currently 8,372 real estate properties
in Red Bank, NJ,
with a median automated valuation model (AVM) price
of $695,113.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Red Bank, 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 Red Bank, NJ,
is $772,015.00, with the most expensive house
in Red Bank, NJ, topping out
at $26,169,519.00 and the cheapest home
in Red Bank, NJ,
clocking in at $26,365.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Red Bank, NJ!
Rent Prices
In Red Bank, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Red Bank, NJ, is on
a rollercoaster ride. The
average rent price in Red Bank, NJ,
is $2,502.00. Indeed, when looking to rent in
Red Bank, NJ, you can expect to pay as little
as $1,300.00 or as much
as $6,540.00,
with the average rent median estimated to
be $2,370.00. The good news is that finding
an affordable and desirable property to rent in Red Bank, 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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