Apartment Size | Feb | vs Last Month |
---|---|---|
Studio apartments | $340,714 | +13.7% |
1-bed apartments | $185,000 | -0.3% |
2-bed apartments | $387,060 | +1.3% |
3-bed apartments | $508,992 | +0.3% |
4+ bed apartments | $802,152 | +10.6% |
During February 2023, the average price for an apartment in/near West Orange, NJ increased by 10.1% to $607,854.
Knowing the current property prices is key if you plan to buy a studio in West Orange, NJ. The average price for a studio has increased since the last month, currently being $340,714. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 0.3% to $185,000. Asking price for 2-bed apartment also increased by 1.3% and a place of this size will now cost you $387,060. A 3-bed apartment goes for $508,992, it increased by 0.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 10.6% and made it up to $802,152.
Listing Type | Feb | vs Last Month |
---|---|---|
Townhouses for sale | $502,662 | -0.6% |
Land for sale | $350,000 | -5% |
Houses for sale | $725,336 | +11.6% |
Condos for sale | $372,804 | +30.9% |
Lofts for sale | $350,000 | +0% |
Price reports demonstrate that house price increased by 11.6% this month making it up to $725,336. Condos are really in demand in this season. The median price for a condo increased by 30.9%, it’s now available for $372,804. The price statistics of lofts have not significantly changed, it now still goes for $350,000. The property value of townhouses decreased by 0.6%, you’ll have to spend around $502,662 to get one. The average price of the land for sale in West Orange, NJ has decreased by 5%, and now equals $350,000.