Verona, NJ Foreclosures
How much do homes sell for in Verona, NJ?
The average home price is currently $636,309.
What’s the average rental cost in Verona, NJ?
The average rental price in Verona is $2,182.
What is the most expensive home in Verona?
The most expensive home sold in Verona had a price of $5,069,530.
What is currently the cheapest priced home in Verona, NJ?
The cheapest home for sale in Verona is priced at $121,700.
Living in Verona, NJ
Verona, NJ, is a picturesque township in Essex County, known for its strong sense of community, excellent schools, and abundant green spaces. Residents enjoy a suburban lifestyle with access to parks, dining, and convenient transportation options to New York City. It’s a perfect location for families and individuals seeking a tranquil environment with vibrant community engagement.
Current Market Conditions in Verona, NJ
The real estate market in Verona, NJ, has shown steady growth over the past year, with an increase in demand for single-family homes. Buyers are attracted to the town's family-friendly amenities and its proximity to urban areas. The average home prices have risen, yet still remain competitive compared to neighboring townships, making it a desirable investment opportunity.
As of late 2023, the market in Verona is characterized as a seller's market, with inventory levels low and homes selling quickly. This trend is expected to continue due to high demand and limited supply, pushing prices upward and creating a sense of urgency among buyers.
Home Value Estimator For Verona, NJ
There are currently 8,687 real estate properties
in Verona, NJ,
with a median automated valuation model (AVM) price
of $611,200.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Verona, 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 Verona, NJ,
is $636,309.00, with the most expensive house
in Verona, NJ, topping out
at $5,069,530.00 and the cheapest home
in Verona, NJ,
clocking in at $121,700.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Verona, NJ!
Rent Prices
In Verona, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Verona, NJ, is on
a rollercoaster ride. The
average rent price in Verona, NJ,
is $2,182.00. Indeed, when looking to rent in
Verona, NJ, you can expect to pay as little
as $1,250.00 or as much
as $5,820.00,
with the average rent median estimated to
be $2,130.00. The good news is that finding
an affordable and desirable property to rent in Verona, 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
