Real Estate Market Update for 08861 (Perth Amboy, NJ)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 45% from one year earlier, and down 11% 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 over 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 78%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 230-thousand dollars. The number of units sold decreased 33% year-over-year, and decreased 67% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 08861 (Perth Amboy, NJ)
Area Information for 08861 (Perth Amboy, NJ)
  • Population: 56,636
  • Median Age: 34.38 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 10,959/sq mi
  • Population Change Since 2000: 13.06%
  • Closest Airport: Newark Liberty International
  • Closest College: Rabbi Jacob Joseph School
  • Closest Jr. College: Middlesex County College
  • Median Household Income: $46,322
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $160,000
  • Closest Major Sports Team: Staten Island Yankees (a)
  • Change Avg. Household Income Since 2000: 22.14%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 08861 (Perth Amboy, NJ)
Median Age: 34.38 Married: 31% Number of Households: 17,305 Households with Children: 6,756
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 08861 (Perth Amboy, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      Assumption Catholic School 0.0 mi Private PRESCHOOL-8 0 0
      Samuel E Shull Middle School 0.1 mi Public 5-8 2 0
      Our Lady Of Peace 0.1 mi Private PRESCHOOL-8 0 0
      Perth Amboy High School 0.2 mi Public 10-12 1 3
      Ignacio Cruz Ecc 0.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      Edward J patten Elementary School 0.5 mi Public K-4 1 0
      Edmund J Hmieleski Ecc 0.6 mi Public PRESCHOOL-PRESCHOOL 0 0
      Herbert N Richardson 21 Century School 0.7 mi Public K-4 0 0
      Perth Amboy Catholic School 0.7 mi Catholic PRESCHOOL-8 0 0
      Anthony V Ceres School 0.8 mi Public K-4 1 0
      Perth Amboy Adult High School 0.8 mi Public - 0 0
      Middlesex County Vocational Technical School Perth Amboy 0.9 mi Public 9-12 1 0
      James J. Flynn Elementary School 1.0 mi Public K-4 1 0
      Willam C Ginnis Middle School 1.1 mi Public 5-8 1 0
      Robert N wilentz Elementary School 1.4 mi Public K-4 1 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 08861 (Perth Amboy, 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.