From the Daily Record:
Coldwell Banker Residential Brokerage has released its 2014 Home Listing Report, which found New Jersey to have the fourth highest average listing price in the nation, at $440,354 for a four-bedroom, two-bathroom home.
However, half of the state’s 10 most affordable real-estate markets are in South Jersey, according to the Coldwell Banker Home Listing Report.
The report, which additionally ranked 128 real estate markets within New Jersey, named Chatham Township as having the highest average listing price, at $892,489 for a four-bedroom, two-bathroom home, while East Orange ranked as the most affordable market in the state, with an average listing price of $120,000.
The top 10 most expensive New Jersey real estate markets, based on average listing price, are: Chatham Township, $892,489; Bernards Township, $832,878; Madison Borough, $777,490; Mountain Lakes Borough, $724,490; Princeton Junction/West Windsor Township, $722,912; Livingston Township, $720,787; Westfield Town, $720,221; Warren Township, $718,909; Alexandria Township, $712,433 and Woodcliff Lake Borough, $678,623.
The top 10 most affordable New Jersey real estate markets, based on average listing price, are: East Orange, $120,000; Newark, $147,981; Roselle, $173,419; Paterson, $178,156; Deptford, W. Deptford, Woodbury, $181,6396; Atco, $186,380; Glassboro, $206,900; Elizabeth, $210,000; Sicklerville, $217,479; Millville, $219,052.