Scotch Plains Real Estate Market Report for April, 2013
Scotch Plains, NJ is a township in southern Union County and is home to about 23,000 people.
Scotch Plains was famous in the Revolutionary War as the site of the Battle of Short Hills. It was also home of the first African American country club, the Shady Rest Country Club, now the site of the Scotch Hills Municipal golf course.
Students in Scotch Plains are served by the Scotch Plains-Fanwood Regional School District which includes five elementary schools, two middle schools, and Scotch Plains-Fanwood High School. Scotch Plains is also home to theUnion County Vocational Technical Schools and Union Catholic Regional High School. Union County College has a facility in Scotch Plains as well.
New Jersey Transit passes through Scotch Plains and carries passengers to the Port Authority in Manhattan in about 45 minutes, making for an easy commute for Scotch Plains residents working in New York City.
Eighteen homes in Scotch Plains were sold in April, more than double the number that were sold in March and 25% lower than the number that sold in April of 2012. 162 homes were offered for sale in Scotch Plains, 15% fewer than were offered in April of 2012.
As inventory of homes offered for sale drops in Scotch Plains, the average number of days each home is on the market before sale also drops. In April, the average home sold in 53 days, compared to 77 days in April of 2012.
The average sale price of a home in Scotch Plain in April was $511,883.
Homes in Scotch Plains sold for an average of 93% of list price in April, lower than they had for the previous 15 months.
For a list of all active properties available in Scotch Plains today, please click here and click on "Search Homes."
For a free market analysis of your home, please contact us.
For more information on Scotch Plains Real Estate:
Buying and Selling a Home in Scotch Plains - 01/13/13
Shift in Scotch Plains Real Estate Market - 10/26/12
Free Market Report of Scotch Plains! - 08/18/12
Scotch Plains Market Report - 07/20/12
Scotch Plains Market Trends - 03/11/12