Five towns with close proximity to New York City stand above the rest when it comes to being labeled as the “Hottest Real Estate Markets” in New Jersey. Understanding where to look and how your home compares will be key to buying or selling a home for your family.
What’s your home worth in NJ compared to these 5 towns?
1. Jersey City real estate
One doesn’t need to look far to understand why Jersey City tops the list of the hottest real estate markets in New Jersey. With just a ten minute PATH ride to high-paying jobs in New York City, Jersey City hosts multiple restaurants, shops and a wide cultural diversity for families. Jersey City has been recognized as the number one place to live in the United States according to a new study from SmartAsset, a New York based personal finance technology firm.
With the average home sale in Jersey City coming in at $756,582 in 2016, and the average days on market less than 30, it’s no wonder why we continue to see new developments popping up here.
What’s your home worth compared to Jersey City? Click here.
2. Hoboken real estate
A town only one square mile in size, Hoboken packs a punch when it comes to desirable living for families. Hoboken sits just north of Jersey City and hosts amazing views of New York. With more restaurants and bars per square mile than New York City, Hoboken offers a great night life with a small town feel. It has become the desired place to live for families who commute into New York.
With a slightly stronger average selling price of $792,079 and average days on market less than 30 days, be prepared to act quickly if your ideal home becomes available in Hoboken.
What’s your home worth compared to Hoboken? Click here.
3. Ridgewood real estate
Located in Northern New Jersey, this Bergen County town has great schools, elegant architecture, high end restaurants and large parks all within walking distance of their main shopping district of East Ridgewood Ave.
With the average selling price of $749,000 and a downtown that resembles Hoboken’s Washington Street, it’s no wonder why most Hoboken residents choose Ridgewood as their next move.
What’s your home worth compared to Ridgewood? Click here.
4. Montclair real estate
Home to Montclair University, Montclair is a family-friendly college town. It has great public schools, theaters, restaurants, and shops. The town offers public swimming pools, an ice skating rink, parks and tennis courts giving residents plenty of activities all year round.
With an average home sale price of $512,000 you can find homes here at any price range.
What’s your home worth compared to Montclair? Click here.
5. Red Bank estate
Red Bank, NJ is one of the most desired “move to” places in New Jersey for families. Sitting on the Navesink River, Red Bank offers history, culture and diversity for anyone seeking a great urban life. With an average listing price of $410,000,
You can easily find great value with an easy commute to New York City’s Penn Station in this very picturesque town.
What’s your home worth compared to Red Bank? Click here.
For any real estate questions on these communities or surrounding areas for families, don’t hesitate to contact me at rich.cronin@outlook.com. I work with Liberty Realty in Hoboken and we move on average 1,089 homes per year. That’s 2.98 homes each day!
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