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Preforeclosure Homes in Totowa, NJ

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Living in Totowa, NJ

Totowa, NJ, is a charming suburban town known for its friendly community and abundant recreational spaces. With excellent educational institutions and a variety of amenities, it appeals to families and those seeking a peaceful lifestyle while remaining close to urban conveniences. The proximity to major highways enhances its accessibility to surrounding areas, making it an attractive location for both homebuyers and renters.

Current Market Conditions in Totowa, NJ

The real estate market in Totowa has shown stability in recent months, fueled by a steady demand for single-family homes as prospective buyers seek suburban living. Homes are often competitively priced, promoting a brisk market as families transition from urban to suburban settings.

Over the past year, Totowa's market has experienced an uptick in property values, driven by low inventory and high buyer interest. The area is seeing new constructions as developers recognize the increasing demand, with homes being designed to meet the preferences of today’s buyers.

Home Value Estimator For Totowa, NJ

There are currently 3,549 real estate properties in Totowa, NJ, with a median automated valuation model (AVM) price of $605,633.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Totowa, 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 Totowa, NJ, is $712,500.00, with the most expensive house in Totowa, NJ, topping out at $184,899,552.00 and the cheapest home in Totowa, NJ, clocking in at $92,762.00. In other words, there’s something for every potential homebuyer or savvy investor in Totowa, NJ!

Rent Prices In Totowa, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Totowa, NJ, is on a rollercoaster ride. The average rent price in Totowa, NJ, is $2,059.00. Indeed, when looking to rent in Totowa, NJ, you can expect to pay as little as $1,150.00 or as much as $5,000.00, with the average rent median estimated to be $2,040.00. The good news is that finding an affordable and desirable property to rent in Totowa, 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.

Totowa, NJ Preforeclosure Homes


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