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Cranford Real Estate Market Report - May 2018
Cranford remains one of the most sought after towns in Union County. Here's what's been happening in the Cranford real estate market this spring.
There were 75 homes offered for sale in Cranford in April and 15 homes were sold. Continued low inventory and high sales drives up prices.
The average sale price of a home sold in Cranford in April was $480,660, slightly lower than the 12 month average of $492,446. As inventory continues to shrink, it's reasonable to expect that prices will go up.
Days on Market
The homes that were sold in April in Cranford had been on the market for an average of 30 days - fast even by Cranford standards.
What this means for buyers:
Be educated. Learn what kind of home you want. Decide with your family members what you need in a home and what you want in a home. Be informed. Spend some time getting to know the inventory. Learn what homes look like in your price range. Learn what home features you can afford. Be ready. Have your pre-approval ready so that you can act quickly when you find your perfect home. What this means for sellers:
If you're on the fence about selling your home, this ... more
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