Why Live in Palisades Park
Palisades Park is a New Jersey borough known for its location near the Hudson Palisades’ cliffs, offering impressive views of New York City. This area has transformed from a blue-collar community to a vibrant cultural hub, particularly noted for its rich diversity and bustling retail scene. Koreatown is the primary shopping and dining area, featuring international grocery chains like HanNam Mart and local markets such as Good Morning Mart. Broad Avenue is lined with restaurants, bars, and cafes that stay open late, including SoosanghanPocha, known for its extensive Korean menu. The neighborhood offers numerous things to do, with many stores and eateries within walking distance. Public transportation is convenient, with bus stops on Broad Avenue providing quick access to New York City, and the Edgewater Ferry Landing just two miles east. Driving options include the George Washington Bridge and the Lincoln Tunnel, while Newark International Airport is 14 miles away. Housing in Palisades Park primarily consists of condos, townhouses, and apartments, with some older single-family homes like Colonials, Cape Cods, and split-levels. Overpeck County Park offers a nearly 5-mile trail, public pools, playgrounds, sports fields, and a kayak launch, while Palisades Interstate Park provides over 30 miles of hiking and ski trails along the Hudson River. The area has a lower crime risk compared to the national average, making it a practical choice for residents.
Home Trends in Palisades Park, NJ
On average, homes in Palisades Park, NJ sell after 59 days on the market compared to the national average of 69 days. The median sale price for homes in Palisades Park, NJ over the last 12 months is $372,600, up 87% from the median home sale price over the previous 12 months.
Median Sale Price
$372,600
Median Single Family Sale Price
$464,900
Median Townhouse Sale Price
$339,990
Median 2 Bedroom Sale Price
$412,000
Average Price Per Sq Ft
$232
Number of Homes for Sale
12
Last 12 months Home Sales
120
Median List Price
$400,670
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
87%