UPDATE: A total of 15 homes were sold in the Old Bridge area between November 3 and November 9, 2023, highlighting a vibrant real estate market. The median sale price for this period reached $550,000 for a 1,560-square-foot home located on Brewster Circle.
This surge in transactions signifies a continuing trend in the local housing market, as buyers are eager to secure properties amidst rising interest rates. The highest sale recorded was a stunning home on Miriam Drive that fetched $975,000, measuring 2,545 square feet and featuring four bedrooms and three bathrooms.
Here’s a quick look at some notable transactions:
– **Aberdeen**: 6 Wooley Street sold for $310,000, at 1,320 square feet ($235/sq ft), offering three bedrooms and two bathrooms.
– **Matawan**: 8 Beechwood Terrace went for $450,000, boasting 1,296 square feet ($347/sq ft), with two bedrooms and one bathroom.
– **South Amboy**: A property at 24 Hanna Lane sold for $580,000, with 1,998 square feet ($290/sq ft).
These numbers reveal a competitive landscape, with buyers ready to invest significantly in desirable neighborhoods. The data indicates a strong demand for homes, particularly larger properties that accommodate families.
As the real estate market continues to evolve, potential buyers and sellers should stay informed about ongoing trends. Local officials suggest that this momentum may carry into the upcoming months, making it a critical time for those looking to make a move.
For those interested in the latest updates, detailed listings are available for homes sold in nearby areas such as East Orange, Elizabeth, and Paterson during the same timeframe.
Stay tuned for more updates as we track the pulse of the Old Bridge real estate market!
