Towaco, NJ Foreclosures
How much do homes sell for in Towaco, NJ?
The average home price is currently $924,632.
In Towaco, NJ, how many homes are available?
There are currently 6 active home listings available in Towaco.
What’s the average rental cost in Towaco, NJ?
The average rental price in Towaco is $2,988.
What is the most expensive home in Towaco?
The most expensive home sold in Towaco had a price of $3,488,000.
What is currently the cheapest priced home in Towaco, NJ?
The cheapest home for sale in Towaco is priced at $28,000.
Living in Towaco, NJ
Towaco, NJ, is a serene suburban community located in Morris County, perfect for families and individuals seeking a peaceful lifestyle. With beautiful residential neighborhoods, local amenities, and access to outdoor activities, it provides a balanced way of life while remaining close to urban centers. The area boasts strong educational institutions, making it a desirable location for home buyers.
Current Market Conditions in Towaco, NJ
Towaco's real estate market has been showing a steady increase in demand, with home values seeing a significant uptick as interest in suburban living continues to grow. The area is characterized by its attractive neighborhoods and quality schools, making it a competitive market for buyers looking for family homes. Listings are moving quickly, which is indicative of the area's desirability, especially among young families and professionals looking to escape urban environments while still maintaining access to city conveniences.
The market has become increasingly competitive over the last year, driven by low inventory and high buyer demand. Home prices have been on the rise, with many homes selling above asking price due to the limited options available. Additionally, the trend of remote work continues to support interest in suburban areas like Towaco, as more buyers prioritize space and environment over proximity to city offices.
Home Value Estimator For Towaco, NJ
There are currently 2,024 real estate properties
in Towaco, NJ,
with a median automated valuation model (AVM) price
of $798,171.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Towaco, 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 Towaco, NJ,
is $924,632.00, with the most expensive house
in Towaco, NJ, topping out
at $3,488,000.00 and the cheapest home
in Towaco, NJ,
clocking in at $28,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Towaco, NJ!
Rent Prices
In Towaco, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Towaco, NJ, is on
a rollercoaster ride. The
average rent price in Towaco, NJ,
is $2,988.00. Indeed, when looking to rent in
Towaco, NJ, you can expect to pay as little
as $1,140.00 or as much
as $5,960.00,
with the average rent median estimated to
be $2,810.00. The good news is that finding
an affordable and desirable property to rent in Towaco, 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
