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Short Sale Listings in Somerdale, NJ 08043

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Somerdale, NJ Foreclosures

How much do homes sell for in Somerdale, NJ?
The average home price is currently $325,500.
In Somerdale, NJ, how many homes are available?
There are currently 454 active home listings available in Somerdale.
What’s the average rental cost in Somerdale, NJ?
The average rental price in Somerdale is $1,674.
What is the most expensive home in Somerdale?
The most expensive home sold in Somerdale had a price of $2,116,200.
What is currently the cheapest priced home in Somerdale, NJ?
The cheapest home for sale in Somerdale is priced at $34,775.

Living in Somerdale, NJ

Somerdale, NJ is a welcoming borough in Camden County that combines suburban serenity with convenient access to urban amenities. The area is known for its excellent schools, plentiful parks, and community centers, making it a great place for families and individuals alike. With a strong sense of community and numerous local events, Somerdale is an ideal location for anyone seeking a balanced lifestyle.

Current Market Conditions in Somerdale, NJ

The real estate market in Somerdale has shown positive growth, with a steady increase in home values over the past year. Homes in the area are in demand due to the secure community and accessibility to major routes, making it attractive for both buyers and investors. Market trends indicate a healthy balance of supply and demand, suggesting a stable investment opportunity in the local housing market.

Recently, the market has seen a surge in new home developments and renovations of older properties, leading to a diversification of available housing options. The improvement in market conditions is attracting more buyers, further contributing to the upward trend in property values.

Home Value Estimator For Somerdale, NJ

There are currently 3,293 real estate properties in Somerdale, NJ, with a median automated valuation model (AVM) price of $322,808.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Somerdale, 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 Somerdale, NJ, is $325,500.00, with the most expensive house in Somerdale, NJ, topping out at $2,116,200.00 and the cheapest home in Somerdale, NJ, clocking in at $34,775.00. In other words, there’s something for every potential homebuyer or savvy investor in Somerdale, NJ!

Rent Prices In Somerdale, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Somerdale, NJ, is on a rollercoaster ride. The average rent price in Somerdale, NJ, is $1,674.00. Indeed, when looking to rent in Somerdale, NJ, you can expect to pay as little as $850.00 or as much as $2,980.00, with the average rent median estimated to be $1,610.00. The good news is that finding an affordable and desirable property to rent in Somerdale, 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.

Somerdale, NJ 08043 Short Sale Listings

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