US, UK Housing Markets Show Wide Price Gaps

A historic waterfront bungalow in Galloway Township, New Jersey, formerly an oyster house, has been listed for sale at $550,000, well above the area's median home price, underscoring the premium for unique waterfront properties in the US. Meanwhile, the UK housing market displays a wide range, with some cottages near London priced above £800,000, while more affordable options exist in regions like Bradford and North Lanarkshire. At the extreme low end, homes in Horden, County Durham, sell for as little as £5,000, but these bargains often come with significant social and economic challenges, including high crime and poverty. The examples from both countries highlight how property values are closely tied to location, local history, and economic conditions.