UPDATE: A stunning $725,000 sale at 1081 Elizabeth Ave. #83 has topped the list of the most expensive home sales in the Elizabeth area from October 27 to November 2, 2023. This remarkable transaction highlights a booming real estate market with a total of 19 residential sales recorded, averaging $489,947 and $246 per square foot.
Homebuyers are clearly eager to secure properties in this vibrant community. The high-end market is heating up, as indicated by the growing number of significant sales.
Here’s a breakdown of the top ten most expensive homes sold last week:
Top 10 Most Expensive Homes Sold in Elizabeth (Oct. 27 – Nov. 2)
10. $480,000 – A charming single-family home at 761 Rahway Ave. sold for $480,000. This residence, built in 1926, spans 1,360 square feet with a price per square foot of $353. The deal was finalized on October 7.
9. $495,000 – The detached house at 765 Cleveland Ave. #767 sold for $495,000. This 1,586-square-foot home was built in 1927, with a price per square foot of $312, closing on October 15.
8. $550,000 – Located at 178-180 Third Street, this single-family house was sold for $550,000. The deal was finalized on October 10.
7. $550,000 – A single-family home at 423 Cherry Street in Roselle Park was sold for $550,000, built in 1925, with a living area of 1,668 square feet and a price per square foot of $330, finalized on October 14.
6. $560,000 – The property at 115 Hollywood Ave. in Hillside fetched $560,000. Built in 1944, this home covers 1,210 square feet, closing on October 14.
5. $565,000 – A sale was completed for a single-family home at 154 W. Clay Ave. in Roselle Park, which sold for $565,000. This residence, built in 1938, boasts 1,846 square feet, finalizing on October 2.
4. $575,000 – The home at 608 Faitoute Ave. in Roselle Park sold for $575,000. This house, constructed in 1958, has a living area of 1,814 square feet and was finalized on October 7.
3. $610,000 – A single-family home at 22 Atlantic Street in Elizabeth sold for $610,000. This 1,106-square-foot property, built in 1900, closed on October 16.
2. $690,000 – The detached house at 1296 Bright Street in Hillside sold for $690,000. This 1,496-square-foot home, built in 1924, finalized on October 15.
1. $725,000 – The top sale of the week was the single-family home at 1081 Elizabeth Ave. #83, sold for an impressive $725,000. Built in 1936, this property closed on October 10.
As the Elizabeth area continues to attract buyers, the real estate market exhibits promising resilience and growth. Potential buyers should stay alert for upcoming listings and market trends that could offer new opportunities.
For more updates on real estate trends, stay tuned for our next report.
