Why Live in Cedar Grove
Cedar Grove, NJ, is a suburb with a rich history, evolving from an agricultural community to a midcentury retreat from New York City. Cultural destinations include the Montclair Art Museum, Montclair State University, and the iconic Tony Soprano’s mansion. Pompton Avenue is a bustling area with shopping opportunities, small businesses, and restaurants. The area features a variety of home styles, including Cape Cods, ranch styles, and split-levels, with townhomes offering amenities like a clubhouse, fitness center, outdoor pool, and grilling area. Cedar Grove is safer than the national average, with a crime score of 1 out of 10. Children attend highly rated schools such as North End Elementary, a National Blue Ribbon School. Outdoor activities are plentiful, with the West Essex Hiking Trail and Cedar Grove Community Park offering athletic fields, playgrounds, tennis courts, and a pool. Mills Reservation provides 157 wooded acres with scenic views of New York City. Dining options on Pompton Avenue include traditional coffee shops and Italian restaurants, with unique offerings like Cedar Bean's Coffee Joint. Commuting is convenient with access to Interstate 80 and bus routes, and residents can walk or drive to nearby commuter train stations in Montclair.
Frequently Asked Questions
What is the average home price in Cedar Grove, NJ?
Homes for sale in Cedar Grove, NJ have an average home price of $901,826.
How many homes have sold over the last 12 months in Cedar Grove, NJ?
29 homes have sold in Cedar Grove, NJ over the last 12 months.
What are the most popular zip codes in Cedar Grove, NJ?
How much do you need to make to afford a house in Cedar Grove?
The median home price in Cedar Grove is $799,999. If you put a 20% down payment of $160,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $4,150 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $178K a year to afford the median home price in Cedar Grove.
How are the schools in Cedar Grove, NJ?
Home Trends in Cedar Grove, NJ
On average, homes in Cedar Grove, NJ sell after 20 days on the market compared to the national average of 70 days. The median sale price for homes in Cedar Grove, NJ over the last 12 months is $999,999, up 60% from the median home sale price over the previous 12 months.
Median Sale Price
$999,999
Median Single Family Sale Price
$720,000
Median Townhouse Sale Price
$970,000
Median 2 Bedroom Sale Price
$479,000
Median 1 Bedroom Sale Price
$310,000
Average Price Per Sq Ft
$381
Number of Homes for Sale
2
Last 12 months Home Sales
29
Median List Price
$799,999
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
60%