UPDATE: Home sales in East Orange surged with five transactions reported from November 3 to November 9. The real estate market is showing signs of vitality, making this an important moment for potential buyers and investors.
The standout property of the week was a 1,404-square-foot home on Fairmount Terrace, which sold for an impressive $540,000. This sale reflects a competitive market that is likely to draw attention from prospective homeowners.
Here are the details of the recent home sales:
– 95 Hamilton Street: Sold for $420,000, measuring 1,496 square feet at $281 per square foot.
– 35 N. 16th Street: Sold for $459,000, a larger property with 2,428 square feet at $189 per square foot.
– 50 Fairmount Terrace: The aforementioned property, sold for $540,000.
– 135 S. Munn Ave.: A larger home sold for $785,000, encompassing 3,037 square feet at $258 per square foot.
– 19 Elmwood Ave.: The most expensive sale, fetching $800,000 for 2,488 square feet at $322 per square foot.
This week’s data indicates a robust interest in East Orange real estate, especially with several properties exceeding the half-million dollar mark. The median sale price highlights the growing demand and competitive nature of the market, making now a critical time for homebuyers to act.
As the market continues to evolve, potential buyers should stay alert to new listings and emerging trends. The East Orange area is proving to be an attractive location for home seekers, with properties selling quickly and for strong prices.
For those interested in more real estate updates, listings from the Old Bridge, Elizabeth, and Paterson areas from the same timeframe are also available, reflecting similar trends across the region.
Stay tuned for further developments in East Orange and surrounding areas as the housing market continues to shift.
