Property prices for sale in New Jersey region

The average price in the New Jersey region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.

$478,385.33
Average price last 6 months
$6,570.33
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in New Jersey has risen considerably in the last 6 months. During September, the average price per sq.feet was $28,767. The following month (October) the price had a considerable deflation reaching $1,521 per sq.feet. The following two months (November, December) went through a considerable deflation of 29 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 3 %. This has been obtained by comparing the price of $9,732 for the first four months of the sample with regard to the previous 4 months and the price of $247 per sq.feet for the last two months (January, February).

Average price

Based upon to the price in New Jersey(region), this has decreased considerably in the last 6 months. September has an average price of $585,339. During October the price had a slight deflation till $509,723. The average price for the following two months (November, December) decreased 87 % compared to the prior two. During the last two months the price has had a considerable reduction of 80 % with respect to the previous four months going from $512,005.5 a $411,145.

Average price per bedrooms

The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 37 % more affordable than the average price in New Jersey followed by those with 2 with an average price of $314,764. The most costly properties have 4 bedrooms. They are 17 % more expensive than the average followed by those properties with 3 bedrooms priced at $351,445.

Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $202 / sq.feet being $267 / sq.feet the average value within the New Jersey region. The properties with the most expensive average price are those with 1 bedroom. These are 40 % more costly than the average followed by those with 2 bedrooms with a price of $252 / sq.feet.

Price per property type

The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $423,979 it is 58 % more affordable than the average in New Jersey. This is followed by "Land" with a price of $313,882. The dearest property type is "Commercial" and is 168 % more expensive than the average, followed by "Condo" with a cost of $592,809.

Based on the average cost per sq.feet the cheapest property type is "Apartment with a an average cost of $164 / sq.feet, followed by "Condo" with a price of $3,375 / sq.feet. "Land" with an average price of $89,169 / sq.feet is the most costly type of property followed by "House" at a price of $40,681 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in region New Jersey
$423,979
$267
293,266
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Brand New Home In Watchung, Nj. 3 Bed, 2 Bath
 10
Brand New Home In Watchung, Nj. 3 Bed, 2 Bath
$839,500$849,500
Watchung, New Jersey - For Sale - House - 2,965 sq.feet - 3 bedrooms - 3 bathrooms
This new construction, quick delivery home is the villa capri plan by paul anthony agency, and is located in the community of the watchung mountain villas at...
Brand New Home In Watchung, Nj. 3 Bed, 2 Bath
 10
Brand New Home In Watchung, Nj. 3 Bed, 2 Bath
$859,500
Watchung, New Jersey - For Sale - House - 2,965 sq.feet - 3 bedrooms - 3 bathrooms
This new construction, quick delivery home is the villa capri plan by paul anthony agency, and is located in the community of the watchung mountain villas at...
Brand New Home In Watchung, Nj. 3 Bed, 3 Bath
 10
Brand New Home In Watchung, Nj. 3 Bed, 3 Bath
$889,500
Watchung, New Jersey - For Sale - House - 3,994 sq.feet - 3 bedrooms - 4 bathrooms
This new construction, quick delivery home is the villa capri plan by paul anthony agency, and is located in the community of the watchung mountain villas at...
Brand New Home In Watchung, Nj. 3 Bed, 3 Bath
 10
Brand New Home In Watchung, Nj. 3 Bed, 3 Bath
$889,500
Watchung, New Jersey - For Sale - House - 3,994 sq.feet - 3 bedrooms - 4 bathrooms
This new construction, quick delivery home is the villa capri plan by paul anthony agency, and is located in the community of the watchung mountain villas at...
Brand New Home In Watchung, Nj. 3 Bed, 3 Bath
 26
Brand New Home In Watchung, Nj. 3 Bed, 3 Bath
$899,500
Watchung, New Jersey - For Sale - House - 4,147 sq.feet - 3 bedrooms - 4 bathrooms
This new construction, quick delivery home is the villa vizcaya plan by paul anthony agency, and is located in the community of the watchung mountain villas at...