Average Home-Sale Prices Down in Teaneck
The average home sold last year in Teaneck went for $417,732, according to state data.
Like most of New Jersey, the average home sale price in Teaneck has declined, according to a review of state data by NJSpotlight.com.
Average home-sale prices in the township dipped 13.1 percent from 2008 to 2012, the website's analysis said. In 2012, the average home went for $417,732 in Teaneck. In 2008, the average was at $480,688.
"According to an analysis of the average residential sales price for New Jersey communities over the last five years, the typical sales price dropped between 2011 and 2012 in almost three-quarters of towns," NJSpotlight.com's report said.