Rahway Real Estate Market Report - June 2016

By
Real Estate Agent with Samsel & Associates 0790808
https://activerain.com/droplet/4SwV

The city of Rahway is located in southern Union County, NJ, and is home to more than 27,000 people. Here's what you need to know if you are a Rahway home owner or home buyer.

Inventory: There are currently 206 single family homes offered for sale in Rahway. The inventory in May of 2015 was 226 homes so a slight decrease in inventory may have an small impact on prices. There were 24 homes sold in May which is exactly equal to the 12 month average of homes sold since May 2015. The light blue trend line represents the active listings trend over 4 years excluding seasonal variation and you can see that there is very little change.

Prices: The average home sold in Rahway in May was sold for $223,493. This is 10% higher than the 12 month average and 26% higher than the average sold price in May of 2015.  The light red straight trend line in this graph shows prices continuing to increase.

 

Days on Market: Homes in Rahway sold in May after an average of 51 days on the market - a pace faster than any other month in the past 4 years. The 12 month average in Rahway is 104 days and May of 2015 saw an average DOM of 104 days.  The light blue straight trend line in the DOM graph below shows homes continuing to sell faster.

Not sure what your Rahway home is worth? Call us today for your free consultation.

If you are a buyer or a seller interested in a home in Union County, please call Team Zuhl! We're happy to help you in all of your real estate needs!

For more information on the Rahway Real Estate Market:

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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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Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ah yes, Rahway... know it well... commuted from NYC to Rahway from 1976 till 1981 to Supermarkets General Corporation... and my "fancy" corner office overlooked the Rahway State Prison.

Jun 17, 2016 02:17 AM #1
Rainmaker
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Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

thats a LOT of wavy lines there but as long as they head upward from time to time it is a great thing!

Jun 17, 2016 04:15 AM #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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