Property prices for sale in Red Bank (New Jersey)

The prices in real estate in Red Bank, in the New Jersey region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.

$678,307.5
Average price last 6 months
$366
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Red Bank has remained the same in the last 6 months. In August, the average price per sq.feet was $366. In September this price pretty much remained the same at a value of $382 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $374 to $379.5 per sq.feet. The price per sq.feet has decreased 91 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $376.75 to $344.5 during December, and January.

Average price

Based upon to the price in Red Bank (cities), these have remained the same in the last 6 months. The price in August is $666,863, rising in September till $754,022. In the following two months the average price has remained the same with regard to the previous two months from $710,442.5 to $729,049. During the last two months the average price has had a strong fall compared to the previous four going from $719,745.75 to $595,431, which means a 83 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $543,800 they are 51 % more affordable than the average price for Red Bank. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $762,188.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $291 / sq.feet, with an average $329 / sq.feet price in Red Bank. The properties with the highest average prices have 3 bedrooms. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $327 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $543,800 it is 27 % cheaper than the average price in Red Bank. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $643,001 it is 58 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $222 / sq.feet followed by "House" priced at $326 / sq.feet. "Townhouse" is the most costly type of property with a $390 / sq.feet cost followed by "Condo" with an average price of $354 / sq.feet.

Charts data
Average price January
Average price per sq.feet January
Number of properties used in Red Bank
Number of properties used in region New Jersey
$543,800
$329
1,364
297,540
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value