The housing market in 07924 Bernardsville, NJ is a competitive one with the median value for houses in the area being $801,700. This is significantly higher than the US median house value of $338,100 and highlights the potential for high returns on investment due to the increasing demand for properties in this area. In the last year alone, house appreciation in 07924 Bernardsville has been 6.48%, only slightly lower than the national average of 8.27%. The cost of housing may be higher than most areas but those looking to invest in real estate can expect a high return on their investment.
The median home cost in Bernardsville (zip 07924) is $801,700. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Bernardsville (zip 07924) is up 12.1%.
Average Age of Homes
- The median age of Bernardsville (zip 07924) real estate is 58 years old
The Rental Market in Bernardsville (zip 07924)
- Renters make up 14.5% of the Bernardsville (zip 07924) population
- 0.0% of houses and apartments in Bernardsville (zip 07924), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.