Rahway Real Estate Market Report - May 2018

By
Real Estate Agent with Samsel & Associates 0790808

If you own a home in Rahway, or if you want to own a home in Rahway, this is the place to be for information about real estate values this spring.

Here’s what’s been happening lately.

Inventory:

  • 30 homes were sold in Rahway in April, compared to 18 homes sold in April of 2017.
  • There are 126 homes currently offered for sale in Rahway in April - compared to the 12 month average of 137.
  • More sales, even a conservative increase, will serve to reduce the inventory. As inventory shrinks, demand for homes usually increases. This can help to raise prices and/or shorten the length of time homes are on the market.

Prices:

  • Average sale price in Rahway in April was $263,647  - compared to the 12 month average of $263,070.
  • Average list price in Rahway in June was $280,222 - compared to the 12 month average of $268,011
  • Consumer confidence helps increase prices. Rahway has had a slow but steady improvement in prices for several years.

Days on Market:

  • In June, the average sold home in Rahway was on the market for 53 days - compared to a 12 month average of 68.6 days.
  • Shortened Days on Market is typical in the spring.

 

Click here to learn about our Featured Rahway listings at 671 Sycamore Street and 1498 Church Street.

 

To read earlier market reports for Rahway, please click here. To find out more about how Team Zuhl can help you buy or sell a Rahway home, please click here or call us at 908-917-4189.

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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
2,646,510
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Wayne and Jean. Rahway continues to enjoy good health with a slow but steady increase in pricing and shortened marketing time. May it continue without experiencing thin ventory. Enjoy your day!

May 21, 2018 04:20 AM #1
Rainmaker
591,251
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning 

Thank you for sharing your information with us

Have a great day.

May 21, 2018 04:22 AM #2
Rainmaker
2,388,889
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Love your infographic, Wayne and Jean. Each time I see you highlight Rahway, it reminds me of my days working at Supermarkets General Corp's headquarters from 1976-1981. My corner office on the third floor had a view of the Rahway State Prison!

May 21, 2018 05:08 AM #3
Rainmaker
716,808
Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Waterfront and Coastal Lifestyle Properties

Thank you for sharing the latest Market report on this segment of the real estate market in Rahway, New Jersey.

May 21, 2018 05:26 AM #4
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Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Wayne and Jean Marie Zuhl Thank you for taking the time to share this vital real estate information.  This is exactly the type of info buyers and sellers need to make informed decisions.

May 21, 2018 07:15 AM #5
Rainmaker
1,519,721
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Wayne and Jean - your inographic tells a story of increasing demand and need for more listings.  Time to call the Zuhl Team!

May 21, 2018 08:30 AM #6
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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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