Rahway, NJ 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.
Rahway public school children are served by four elementary schools, Rahway 7th and 8th grade Academy and Rahway High School.
There are currently 201 homes listed for sale in Rahway and 15 homes sold in July. The average home sold for $226,540 in July after 80 days on the market.
You can see in the graph below that the average sale price of homes in Rahway has increased this summer and is currently higher than it has been in 18 months.
The months supply in Rahway remains high. Real Estate Professionals judge the strength of a real estate market based upon the Months of Supply in the area. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past. While improving, the inventory in Rahway continues to be high. There is a very strong "buyer's market" in Rahway because there are more sellers than buyers in the area and homes are sitting unsold for a while. Typically, this decreases prices.
Team Zuhl is here to help you every step of the way. Please call or email us when you're ready to get your home on the market! Good luck!
For more information on selling a home:
- 3 Simple Steps To Selling Your Home Fast - 03/26/12
- 4 Ways to Get Union County Homes to Sell Quicker!! - 01/12/12
For more information on Rahway Real Estate:
Sell my home in Rahway! - 07/02/13
Rahway, NJ - A brief historical look - 03/04/13
The Winter Real Estate Market in Rahway - 02/23/13
Buying or Selling a Home in Rahway, NJ - 01/12/13
Free Market Report of Rahway Homes! - 08/13/12
Rahway Market Trends - 03/25/12