How do additional bathrooms or bedrooms affect market value in Rahway?

By
Real Estate Agent with Remax First Realty II 0790808

How do additional bathrooms or bedrooms affect market value in Rahway?

 

In all, 164 homes were sold in Rahway from January 1-June 30, 2012. The details of these sales were analyzed to determine how the number of bathrooms and the number of bedrooms affected sales price.

The most obvious statistic is that the more bedrooms a home has, the higher the sales price. 2 bedroom homes sold for 35% more than 1 bedroom homes, and 3 bedroom homes sold for 47% more than 2 bedroom homes. 4 bedroom homes sold for 30% more than 3 bedrooms, but the increase to 5 bedrooms in Rahway only increased sale price by about 3%.

More than 50% of the homes sold in Rahway are 3 bedroom homes, and about 21% are 4 bedroom homes.



Increasing the number of bathrooms in a home improves sales price also, but not nearly as much as increasing the number of bedrooms. Let’s use 3 bedrooms as our model since 3 bedroom homes in Rahway are the most common homes. Increasing the number of baths in a Rahway 3 bedroom home from 1 to 2 baths increased sales price by 15%, but increasing from 2  bath to 3 baths actually decreased the sale price by about 23%.

If you have a home in Rahway, find out how much it’s worth in today’s market! Call Team Zuhl at 908-917-4189.


More Information:

For Sale - 2258 Elizabeth Avenue, Rahway

1019 Saint Georges Ave in Rahway available for Rent 

Great Commercial Property available for Rent in Rahway

Virtual Tour of 483 Jensen Ave, Rahway

3 Bedroom home in Rahway offered for $214,900 

Free Market Report of Rahway Homes! 

Split Level in Rahway - Reduced Price! 

Just listed - 3 Bedroom Split Level in Rahway 

168 Homes Sold in Rahway So Far This Year!

Rahway Market Trends 

Rahway home for only 219,000


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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

Comments (1)

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Good information and charts on how bathrooms and bedrooms affect the value of home.

Oct 15, 2012 12:47 AM