The housing market in Bernardsville, NJ has been performing relatively well despite the slower rate of house appreciation compared to the national average. The median value of homes in this area is $753,300 which is significantly higher than the national median value of $338,100. While the US experienced an appreciation rate of 8.27%, home prices in Bernardsville increased at a lower rate of 6.48% over the last year. With such high prices and slow growth, it's important for potential buyers to be aware of their options and make sure they are making an informed decision when investing in property here.
The median home cost in Bernardsville is $753,300. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Bernardsville is up 12.1%.
Average Age of Homes
- The median age of Bernardsville real estate is 59 years old
The Rental Market in Bernardsville
- Renters make up 14.4% of the Bernardsville population
- 1.7% of houses and apartments in Bernardsville, 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.