Buying or Selling a Home in Rahway, NJ

By
Real Estate Agent with Samsel & Associates 0790808
https://activerain.com/droplet/Pfd

Rahway, NJ is a city in southern Union County and is home to nearly 28,000 people.  The area was once the home of the Lenni Lenape Native Americans and the city was named for a local tribal chief whose name was Rahwack. The corner of St. Georges Avenue and Westfield Avenue  was the site where George Washington met troops from Elizabeth and Newark during the Revolutionary War. Another interesting thing you may not have known about Rahway are that it was the location where the first coin bearing the words E pluribus unum was coined.

 

Rahway public school children are served by four elementary schools, Rahway 7th and 8th grade Academy and Rahway High School.

 

Commuting to and from New York City from Rahway is a breeze. Rahway Train Station was renovated in 1999 and a new parking deck was built in 2005. A train ride from the Rahway Train Station to Penn Station in NYC takes about 40 minutes.

 

Rahway’s cemeteries house some famous residents including 3 Civil War Army officers.

 

In Rahway, 169 homes were sold in 2012 with sales peaking in September and resulting in a 20% decrease in inventory at the end of 2012 compared to the beginning of 2012. Only 182 homes are actively for sale  and this represents 9 ½  months worth of inventory remaining in Rahway which is much higher than most of Union County. At the current rate of sales, it will take 9 ½ months for the existing listings to sell.

 

List prices in Rahway essentially stayed the same through 2012. Sale prices, on the other hand, dropped about 15% in May, bounced back, and then dropped again in August and September, ending the year about 20% lower than they were in January.

 

 

If you’re thinking of buying a home in Rahway or if you’re thinking of selling your home in Rahway, you deserve a Realtor who understands the market and can get you the best deal. Please call us at 908-917-4189 for your personal consultation.


For more information on Rahway homes:

Attention Home Buyers - 483 Jensen in Rahway is no longer available! 

How Team Zuhl Sold 483 Jensen Avenue in Rahway

JUST SOLD! 1010 Saint Georges Avenue, Rahway 

2258 Elizabeth Avenue, Rahway - Price Reduced! 

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

1019 Saint Georges Ave in Rahway available for Rent

 Great Commercial Property available for Rent in Rahway

3 Bedroom home in Rahway offered for $214,900 

Free Market Report of Rahway Homes!

Split Level in Rahway - Reduced Price! 

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. 

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Real Estate Market Trends
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New Jersey Union County Rahway
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Rainmaker
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Teral McDowell
Referral Patners LLC - Murphy, TX

I'm looking at your monthly inventory vs mine; it has me to thinking that it must be cold in NJ especially given that you had a 20% decrease in inventory for all of 2012; good report.

Jan 12, 2013 09:34 AM #1
Rainmaker
1,273,342
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

It's winter here - we've had some snow, but it's shaping up to be a relatively mild winter. Inventory typically drops in December in NJ, but this year's drop is bigger than usual because the buyers haven't stopped buying. We're still seeing a very active market.

Jan 12, 2013 08:05 PM #2
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Rainmaker
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Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
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