Union County Homes: Rahway Real Estate Market Update - November 2016

Rahway Real Estate Market Update - November 2016

If you own a home in Rahway, or if you want to own a home in Rahway, this is the place to be for information about real estate values this fall.

Inventory:  There are currently 190 single family homes offered for sale in Rahway, 5% fewer than last month and 3.5% fewer than the 12 month average of 197. The currently listed homes range in price from $60,000 to $514,900.

Thirty four homes were sold in Rahway in October, 41% higher than the 12 month average of 24 and 17% higher than the previous month.  

For more information on Rahway home inventory, please click here.

Prices: In October 2016, the average sold home was sold for $219,531. This is about 3.5% more than the 12 month average of $212,057 and nearly 7% higher than the average sale price of September.

For more information on Rahway home prices, please click here.

Days on Market:Three factors affect how long your home will be on the market - price, condition, and marketing. Homes that are priced at market value sell faster than homes that are overpriced. Homes in better condition will sell faster than homes in poor condition. And homes that are marketed well will sell faster than homes that are not marketed well.

In November of 2016, the average sold home in Rahway was sold after 50 days - the fastest sales we’ve seen since July of 2014.

For more information on how long it takes to sell a home in Rahway, please click here.

If you’d like to learn how much your home is worth, we’re happy to help you. Contact us at 908-917-4189.

 

 

 

~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

Comment balloon 1 commentWayne and Jean Marie Zuhl • November 12 2016 07:51AM

Comments

Hi Jean and Wayne... everytime I see your Rahway report it takes me back to my days at Supermarkets General, where my office looked out on the Raway State Prison. Quite a view... I used to joke that as the Assistant Treasurer of the corporation they gave me that office on purpose to remind me of the consequences of not being totally on the up and up with company money.

Posted by Nina Hollander, Your Charlotte/Waxhaw/Fort Mill Area Realtor (RE/MAX Executive | Charlotte, NC) 11 months ago

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