NJ.com on the hottest real estate markets in NJ right now
NJ.com came out with an article about the 19 towns that have appreciated the most over the past year in New Jersey. They used median home values from Zillow, and then showed how much they’ve appreciated respectively over the past year. Here’s the list below, as well as a link to the article explaining the towns a bit! In terms of towns in the immediate area, Maplewood was 2nd (up 16% since last year), South Orange was 4th (up 14%), Millburn was 6th (up 11%), Montclair was 10th (up 6%), Chatham Borough was 16th (up 4%) and Chatham Township was 19th (up 2.63%). The full list from the article is below!
19. Chatham Township, Median Value = $863,400, up 2.63% since March 2016
18. Glen Rock, Median Value = $626,300, up 3.09% since March 2016
17. Carlstadt, Median Value = $369,900, up 3.73% since March 2016
16. Chatham Borough, Median Value = $751,500, up 4.46% since March 2016
15. Fair Haven, Median Value = $714,200, up 4.55% since March 2016
14. Tenafly, Median Value = $793,300, up 4.84% since March 2016
13. Woodcliff Lake, Median Value = $770,500, up 4.74% since March 2016
12. Glen Ridge, Median Value = $629,700, up 5.24% since March 2016
11. Palisades Park, Median Value = $601,400, up 6.39% since March 2016
10. Montclair, Median Value = $611,500, up 6.51% since March 2016
9. Haddonfield, Median Value = $494,000, up 6.94% since March 2016
8. Princeton, Median Value = $822,100, up 6.93% since March 2016
7. Moonachie, Median Value = $522,900, up 8.62% since March 2016
6. Millburn, Median Value = $792,700, up 11.05% since March 2016
5. Hoboken, Median Value = $747,800, up 12.55% since March 2016
4. South Orange, Median Value = $664,300, up 14.14% since March 2016
3. Asbury Park, Median Value = $289,900, up 14.36% since March 2016
2. Maplewood, Median Value = $580,000, up 16.02% since March 2016
1. Weekhawken, Median Value = $727,400, up 25.15% since March 2016
