Overview of Harrington Park Real Estate Market
Harrington Park, a borough in Bergen County, New Jersey, is a popular place to live for families and commuters to New York City. A suburb with a population of around 5,000, the town is known for its excellent schools, low crime rates, and beautiful parks. But what can you expect in terms of the Harrington Park real estate market?
Like much of the United States, the real estate market in Harrington Park has been going through changes in recent years. The COVID-19 pandemic has shifted people's priorities about where they want to live, while low interest rates have led to new buying opportunities.
According to Zillow, the median home value in Harrington Park is $765,700, which is higher than the median value of homes in New Jersey as a whole. However, the average price per square foot is $274, which is lower than the Bergen County average. This means you'll get more house for your money compared to neighboring towns.
Single-family homes make up the majority of the properties on the market, with many properties being over 3,000 square feet. Many of these homes were built between the 1950s and 1980s, but you can also find newer builds if that's what you're looking for. There are also some townhomes and apartments available if you're looking for something smaller or more affordable.
The current Harrington Park real estate market is a seller's market, which means there are more people looking to buy homes than there are homes for sale. This can lead to bidding wars and higher offers, which is good news for sellers. However, for buyers, it means being prepared to act quickly and make competitive offers.
One factor that is driving people away from traditional urban areas and towards suburbs like Harrington Park is the desire for more outdoor space. Harrington Park has plenty of parks and nature reserves, including the 59-acre Highland Woods Nature Reserve, making it a great place to live if you enjoy being close to nature.
In conclusion, Harrington Park's real estate market is healthy and competitive, with many opportunities available for those looking to buy or sell. The town has a lot to offer, from excellent schools to beautiful parks, which makes it an exciting place to invest in real estate.
Homes for Sale in Harrington Park: Styles and Prices
If you are in the market for a new home, Harrington Park offers a variety of styles and prices that can suit almost any budget. This charming community offers a wide range of properties that range from grand estates to cozy bungalows, there is something for everyone in this lovely town.
One of the most popular styles you will find in Harrington Park is the colonial-style home. These homes are well-known for their classic design, spacious layouts and charming character. They are typically constructed from brick or clapboard and are usually two to three stories tall. Many of the colonial homes in this area have been lovingly restored and updated to include modern amenities while still maintaining their classic look and feel.
The median price for a colonial-style home in Harrington Park is around $825,000, but prices can vary depending on the size and location of the property.
If you are looking for something a little more modern, Harrington Park also offers a variety of contemporary-style homes. These homes typically feature clean lines, open floor plans, and large windows that provide plenty of natural light. They are perfect for those seeking a newer construction that offers all the latest in modern amenities.
The median price for a contemporary-style home in Harrington Park is around $935,000, but prices can vary depending on the size and location of the property.
For those who prefer a more traditional look and feel, there are plenty of beautiful Victorian-style homes in Harrington Park. These homes are known for their ornate details, beautiful woodwork, and bright colors. They are perfect for those seeking a more traditional home with plenty of charm and character.
The median price for a Victorian-style home in Harrington Park is around $935,000, but prices can vary depending on the size and location of the property.
Regardless of your style preference, Harrington Park has something to offer. So why not take a stroll through this charming community and see for yourself all the wonderful homes for sale. Who knows, you may just find your dream home in Harrington Park!
Harrington Park Real Estate Trends: Sales and Inventory
Harrington Park is a picturesque borough located in Bergen County, New Jersey. It is known for its beautiful tree-lined streets, sprawling yards, and luxurious homes. As a result, the area's real estate market has been thriving for years, and the trends suggest that it will continue to do so. In this article, we will discuss the current sales and inventory trends in Harrington Park's real estate market.
The real estate market in Harrington Park is extremely competitive. A huge demand for properties in the borough has resulted in a steep rise in home prices. According to Zillow, the median home value in Harrington Park is $749,900, which is a 3.3% increase from last year. The cost per square foot in the borough is $331, which is significantly higher than the national average of $172. The competitive market has also led to a low supply of homes for sale, with only 16 properties currently available for purchase. This lack of inventory has caused a surge in bidding wars, resulting in buyers offering well above asking price.
The demand for properties in Harrington Park is driven by its excellent location and amazing amenities. The borough is located near some of the best schools in Bergen County and is known for its outstanding school district. Additionally, the area is known for its expansive yards, picturesque homes, and quiet suburbs. All these factors have resulted in increased home sales in the borough.
The sales trends in Harrington Park's real estate market have been promising. According to Zillow, there have been 33 homes sold in the borough over the past year, which is a 17.9% increase from the previous year. Additionally, the average home sale price in Harrington Park was $840,000, which is a 9.9% increase from the previous year. The time it takes for a house to sell in Harrington Park is relatively short as well. The average days on the market for homes in Harrington Park is 79 days, which is lower than the national average.
The current real estate trends in Harrington Park suggest that it is a great time to invest in properties in the area. The continued demand for homes in the borough, coupled with the limited supply of inventory, has resulted in a highly competitive market. As a result, sellers are able to fetch premium prices for their properties. In addition, the increasing median home value and average home purchase price suggest that the area's real estate market is strong and poised for further growth.
In conclusion, Harrington Park's real estate market has shown strong sales and inventory trends over the past year. A high demand for properties in the area, coupled with a limited supply of inventory, has resulted in high prices and bidding wars. The sales trends in the borough suggest that it is an excellent time to invest in properties in the area. If you are looking to buy a home in Harrington Park, make sure to act quickly and be prepared for a highly competitive market.
