Real Estate Market Update for 07006 (Caldwell, NJ)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 48% from one year earlier, and down 8% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 600-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 13%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 550-thousand dollars. The number of units sold decreased 19% year-over-year, and increased 73% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 07006 (Caldwell, NJ)
Area Information for 07006 (Caldwell, NJ)
  • Population: 25,614
  • Median Age: 44.69 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,769/sq mi
  • Population Change Since 2000: -2.17%
  • Closest Airport: Newark Liberty International
  • Closest College: Caldwell College
  • Closest Jr. College: Berkeley College-garret Mountain Campus
  • Median Household Income: $101,777
  • Annual Residential Turnover: 5%
  • Median Home Sales Price: $500,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 31%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07006 (Caldwell, NJ)
Median Age: 44.69 Married: 47% Number of Households: 9,736 Households with Children: 3,141
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07006 (Caldwell, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      Washington Elementary School 0.3 mi Public K-5 4 0
      Essex County West Caldwell Tech Campus 0.6 mi Public 9-12 2 3
      Grover Cleveland Middle School 0.7 mi Public 6-8 3 0
      A Pleasant Day Nursery School 0.7 mi Private PRESCHOOL-K 0 0
      Trinity Academy 1.1 mi Catholic PRESCHOOL-8 0 0
      James Caldwell High School 1.1 mi Public 9-12 3 4
      Lincoln Elementary School 1.2 mi Public K-5 4 0
      Gould mountain School 1.2 mi Public 4-6 0 0
      Essex Valley School 1.3 mi Private 6-12 0 0
      Mount Saint Dominic Academy 1.4 mi Private 9-12 0 4
      West Essex High School 1.4 mi Public 9-12 3 4
      West Essex Middle School 1.4 mi Public 7-8 3 4
      Wilson Elementary School 1.5 mi Public K-5 4 0
      Grandview School 2.1 mi Public PRESCHOOL-3 5 0
      Jefferson Elementary School 8.7 mi Public K-5 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 07006 (Caldwell, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.