Upper Saddle River Real Estate Market

Upper Saddle River is one of the most affluent and most sought-after places to live in New Jersey. With a peaceful, safe environment with country surroundings and close proximity to New York City it is no wonder so many people want to call Upper Saddle River home.

In this guide we shall give you a quick look at the real estate market in Upper Saddle River and what you can expect.

House Prices in Upper Saddle River

Upper Saddle River is a notoriously affluent area and this is reflected in the high house prices. You can expect to pay an average of $1.1 million for a 4 bedroom detached family home. There is very little property available for less than $500,000.

House prices have dropped in value since 2005 however this is the case with much of the USA and the market is no worse in Upper Saddle River than anywhere else in the region. However, on a plus point if you look at the one-year statistics house prices have been rising steadily since the middle of 2009 and look set to continue to increase in value.

The 10-year statistics are even more promising with house prices significantly higher now than they were 10 years ago in 2000.

Types of Houses in Upper Saddle River

There are currently 7,741 people living in Upper Saddle River in 2,497 households. The majority of homes consist of married couples living together most of whom have at least one child.

The neighborhood of Upper Saddle Rivers caters for these demographics and as such the majority of homes are detached family homes with large backyards.

Over 94 percent of homes in Upper Saddle River are owned with only a very small proportion rented out. The average house age in Upper Saddle River is 38 years, although there are many historic homes still standing that date back as far as the 1800’s.

However, there are still options if you would rather live in an apartment or condo but be prepared to wait a while to find one suitable as there are only a small number available.

Finding a Home in Upper Saddle River

Finding a home in Upper Saddle River can be difficult as there is a lot of demand and not many homes available. As we mentioned before, if you are looking at renting in Upper Saddle River you will have immense difficult as only 6 percent of homes are rented as most of them are privately owned.

However, the best place to begin your search for a home in Upper Saddle River is to browse the internet – possibly modern days most powerful resource!

There are dozens of websites that are dedicated to helping potential home owners search for available properties both in Upper Saddle River and across the state. This initial search should give you a good idea of what’s available and whether it is within your price range – it is also great if you live interstate or overseas and want to start your home search before you arrive.

For a more personal approach, speaking with a real estate agent is the best way to find a home in Upper Saddle River. If you are close to the area you can pop into one of the several real estate agencies and ask them to show you what properties are available. They can also tailor the search to homes that are within your budget as well as your requirements and requests.

Apartments and Condos in Upper Saddle River

As we mentioned before, apartments and condos in Upper Saddle River are scarce, so prepared to be patient if you are looking to get one.

If you are looking to purchase a condo in Upper Saddle River you can expect to pay up to $700,000 and possibly more depending on its size and facilities.

Real Estate Agents in Upper Saddle River

There are plenty of real estate agents both in Upper Saddle River and surrounding areas that also service the Upper Saddle River area.

The best way to find out where your closest real estate agent is is to look in your local directory or if coming from an area outside of Upper Saddle River then your best bet is to log on to the internet and use one of the many online local directories to find suitable real estate agents. Many of their websites will even include some of their most recent home listings so you can see what’ s available before you go speak with them.

Happy house hunting!