Why Live in Demarest
Demarest, a small borough established in 1872, retains a historic charm with landmarks like the Demarest Railroad Depot and a volunteer fire department. The neighborhood is characterized by wide, quiet streets lined with pines, maples, and oaks, providing ample shade and privacy. Housing options range from mid-century single-story cottages and brick two-stories to larger traditional-style homes and luxury estates, many featuring dormer windows, multi-car garages, and backyard swimming pools. The area is particularly appealing to commuters, with Upper Manhattan just 15 miles away, though traffic can be expected during rush hour. Demarest is known for its highly rated schools, including Country Road Elementary, Luther Lee Emerson Elementary, Demarest Middle, and Northern Valley Regional High School at Demarest, making it an attractive option for families with school-aged children. The neighborhood's small downtown offers a variety of dining options, such as the Demarest Deli and Yasou Mykonos, and essential services. For more extensive amenities, residents can visit nearby Closter, Fort Lee, and Paramus. Recreational opportunities abound with the Demarest Nature Center, Wakelee Field, and the Demarest Swim Club, as well as tennis courts, playgrounds, and the Davies Arboretum & Wildlife Preserve. The town hosts annual events like Demarest Day and Oktoberfest, fostering a strong sense of community. Safety is a notable feature, with crime rates lower than the national average. While public transit is limited, drivers can easily access major routes to New York City, and nearby airports include Newark Liberty International and La Guardia.
Frequently Asked Questions
What is the average home price in Demarest, NJ?
Homes for sale in Demarest, NJ have an average home price of $2,055,619.
How many homes have sold over the last 12 months in Demarest, NJ?
69 homes have sold in Demarest, NJ over the last 12 months.
What are the most popular zip codes in Demarest, NJ?
How much do you need to make to afford a house in Demarest?
The median home price in Demarest is $1,870,000. If you put a 20% down payment of $374,000 and had a 30-year fixed mortgage with an interest rate of 6.81%, your estimated principal and interest payment would be $9,760 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $418K a year to afford the median home price in Demarest.
How are the schools in Demarest, NJ?
Home Trends in Demarest, NJ
On average, homes in Demarest, NJ sell after 82 days on the market compared to the national average of 50 days. The median sale price for homes in Demarest, NJ over the last 12 months is $1,500,000, up 23% from the median home sale price over the previous 12 months.
Median Sale Price
$1,500,000
Median Single Family Sale Price
$1,520,000
Median Townhouse Sale Price
$2,925,000
Median 1 Bedroom Sale Price
$143,119
Average Price Per Sq Ft
$814
Number of Homes for Sale
23
Last 12 months Home Sales
69
Median List Price
$1,870,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
23%
