2008 pricing in 07461 area

Asked by Gordon, 07461 Mon Oct 11, 2010

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Marc Paolella, Agent, Succasunna, NJ
Mon Oct 11, 2010
Median home prices for zip code 07461

2007: $285,000
2008: $248,000
2009: $210,000
2010: $235,000

The 2010 rebound for the zip code is probably an anomaly based on a small sample size. Sussex County values are basically stable from 2009 to 2010. Median for the county was $257,000 in 2009 and is $250,000 for the first 10 months of 2010.

So if you bought in 2008, your home value is down about 10% plus or minus in general. However, every home is an individual case based on location, condition, recent improvements, etc.

Good luck!

-Marc
Marc Paolella
Relocation Director/Appraiser
Century 21 Joe Tekula Realtors
Phone (direct): (973) 584-4235
Coolest map-based home search: http://www.marcpaolella.com
0 votes
Suzanne MacD…, Agent, Morristown, NJ
Mon Oct 11, 2010
Hi Gordon,

I am not sure I have enough information to answer your question. Pricing can be very, very local, right down to a particular neighborhood. If you contact me we can discuss your question in detail and I will be happy to help you.
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