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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