Linden’s real estate market is improving at a slow and steady pace. Unfortunately, there are still a large number of distressed properties – short sales, pre-foreclosures, and foreclosures – and this has a negative impact on the real estate market. But, as the distressed properties clear off the market, the progress will be more obvious.
Here’s how the Linden Market has been trending over the last 4 years.:
Home sales: 2016 saw 366 single family homes that were sold in Linden, this is up 73% from the 211 homes sold in 2013.
Sale price: The average home sale price in Linden in 2016 was $220,343, up 7% from the 2013 average sale price of $204,771.
Days on Market: In 2013, the average single family home would be on the market for 111 days between listing the home for sale and the completion of a sale. After seeing steady improvements over the last 4 years, the average days on market in Linden in 2016 is 81 days – still lagging behind most other municipalities in Union County, but, still an improvement nonetheless.
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