Somerdale, NJ Foreclosures
How much do homes sell for in Somerdale, NJ?
The average home price is currently $331,392.
In Somerdale, NJ, how many homes are available?
There are currently 474 active home listings available in Somerdale.
What’s the average rental cost in Somerdale, NJ?
The average rental price in Somerdale is $1,675.
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 charming suburban town in Camden County, known for its strong community spirit and family-friendly environment. With a variety of local amenities, including parks and recreational facilities, Somerdale offers residents a relaxed lifestyle with easy access to urban features. Its proximity to Philadelphia makes it an appealing choice for commuters looking for a suburban home with city conveniences.
Current Market Conditions in Somerdale, NJ
Somerdale's real estate market has shown resilience and growth over the past year, with a steady demand for housing in the area. Prices have been influenced by the increasing interest in suburban living, particularly due to the pandemic. Buyers are looking for homes that offer a balance of space, amenities, and good school districts.
The current market shows a healthy mix of single-family homes and townhouses, with many properties seeing competitive offers above asking price, particularly those in desirable neighborhoods. There's a growing trend of first-time homebuyers entering the market, encouraged by low-interest rates and the appeal of community living.
Investors are also taking notice of Somerdale's potential for rental income, as the demand for rental properties has increased in recent years, driven by young professionals and families seeking affordable housing options.
Home Value Estimator For Somerdale, NJ
There are currently 3,294 real estate properties
in Somerdale, NJ,
with a median automated valuation model (AVM) price
of $328,112.00. 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 $331,392.00, 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 $1,675.00. 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.
Learn more on Foreclosure homes
