Teaneck, NJ Foreclosures
How much do homes sell for in Teaneck, NJ?
The average home price is currently $778,538.
What’s the average rental cost in Teaneck, NJ?
The average rental price in Teaneck is $2,230.
What is the most expensive home in Teaneck?
The most expensive home sold in Teaneck had a price of $99,226,296.
What is currently the cheapest priced home in Teaneck, NJ?
The cheapest home for sale in Teaneck is priced at $139,500.
Living in Teaneck, NJ
Teaneck, NJ is a vibrant suburban community just a short drive from New York City. Known for its cultural diversity, excellent schools, and family-friendly amenities, it offers a balanced lifestyle with easy access to urban attractions. Residents enjoy a range of recreational facilities and a strong sense of community.
Current Market Conditions in Teaneck, NJ
The real estate market in Teaneck is currently experiencing a dynamic shift with increased demand for homes reflecting a broader trend of urban-to-suburban migration. Buyers are looking for properties that offer more space and access to outdoor amenities, which has led to competitive bidding in desirable neighborhoods. Inventory remains relatively low, resulting in homes selling quickly and often above asking price, creating an advantageous environment for sellers.
Over the past few years, Teaneck has seen a steady increase in property values, attributed to its strategic location, good schools, and overall quality of life. Neighborhoods that offer family-oriented amenities and access to parks have become particularly popular among buyers, leading to a sustained interest in homes within the area.
Home Value Estimator For Teaneck, NJ
There are currently 11,266 real estate properties
in Teaneck, NJ,
with a median automated valuation model (AVM) price
of $664,234.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Teaneck, 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 Teaneck, NJ,
is $778,538.00, with the most expensive house
in Teaneck, NJ, topping out
at $99,226,296.00 and the cheapest home
in Teaneck, NJ,
clocking in at $139,500.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Teaneck, NJ!
Rent Prices
In Teaneck, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Teaneck, NJ, is on
a rollercoaster ride. The
average rent price in Teaneck, NJ,
is $2,230.00. Indeed, when looking to rent in
Teaneck, NJ, you can expect to pay as little
as $1,220.00 or as much
as $5,960.00,
with the average rent median estimated to
be $2,070.00. The good news is that finding
an affordable and desirable property to rent in Teaneck, 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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