Real Estate Market Update for 07666 (Teaneck, NJ)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 45% from one year earlier, and up 21% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 63%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold increased 50% year-over-year, and increased 200% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
Show Transcript
Map Information for 07666 (Teaneck, NJ)
Area Information for 07666 (Teaneck, NJ)
  • Population: 40,399
  • Median Age: 39.93 yr
  • Median Commute Time: 31 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 6,725/sq mi
  • Population Change Since 2000: 2.68%
  • Closest Airport: Laguardia
  • Closest College: Fairleigh Dickinson University
  • Closest Jr. College: Hohokus Hackensack
  • Median Household Income: $93,588
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $331,500
  • Closest Major Sports Team: New York Giants
  • Change Avg. Household Income Since 2000: 30.22%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07666 (Teaneck, NJ)
Median Age: 39.93 Married: 42% Number of Households: 13,737 Households with Children: 4,478
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 07666 (Teaneck, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      Teaneck Sr High School 0.2 mi Public 9-12 3 3
      Community High School 0.5 mi Private 9-12 0 0
      The Community School 0.5 mi Private 2-8 0 0
      Thomas Jefferson Middle School 0.7 mi Public 5-8 3 0
      Benjamin Franklin Middle School 0.7 mi Public 5-8 3 0
      James Russel Lowell Elementary School 0.8 mi Public K-4 2 0
      Nathaniel Hawthorne Elementary School 1.0 mi Public 1-4 3 0
      Karasick Shalem High School At Tabc 1.0 mi Private UNGRADE-UNGRADE 0 0
      Sinai School At Rynj 1.0 mi Private 1-UNGRADE 0 0
      John Greenleaf Whittier Elementary School 1.1 mi Public K-4 2 0
      Sinai High School For Boys 1.1 mi Private UNGRADE-UNGRADE 0 0
      Torah Academy Of Bergen County 1.1 mi Private 9-12 0 0
      Wilbert F Mays Seventh-day Adventist School 1.1 mi Private PRESCHOOL-8 0 0
      William Cullen Bryant Elementary School 1.2 mi Public PRESCHOOL-K 0 0
      Maayanot Yeshiva High School For Girls 1.2 mi Private 9-12 0 0
      Ma'ayanot Yeshiva High School For Girls 1.2 mi Private 9-12 0 0
      Teaneck Community Charter School 1.2 mi Public K-8 3 0
      Sinai School At Ma'ayanot 1.2 mi Private - 0 0
      Montessori Early Learning Cnt 1.3 mi Private PRESCHOOL-PRESCHOOL 0 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 07666 (Teaneck, 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.