Rahway Real Estate Market Report - October 2019

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:

  • 20 homes were sold in Rahway in September, compared to the twelve month average of 27 homes sold per month.
  • 113  homes were offered for sale in Rahway in September- compared to the 12 month average of 124.
  • 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 September was $305,820 - compared to the 12 month average of $277,238.
  • Average list price in Rahway in September was $306,423 - compared to the 12 month average of $292,901.
  • Consumer confidence helps increase prices. Rahway has had a slow but steady improvement in prices for several years.

The important thing to note about the graph is not the variability but rather the overall long term trend which is represented by the straight blue and red lines which show a healthy increase in home list prices and sale prices in Rahway over the past seven years.

Many forecasters are predicting a turn around in the real estate market and are expecting a busy winter. Factors such as existing and pending home sales and buyer traffic indicate that we may be headed for a rebound.

Days on Market:

  • In September, the average sold home in Rahway was on the market for 44 days - compared to a 12 month average of 52 days and compared to 56 days it took to sell a home in August.
  • The solid blue trend line on this graph shows that Rahway's homes continue to sell faster each month.

To learn what this means for buyers and sellers, please click here.

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
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Wayne and Jean. In Rahway, the only thing I need to know is your phone number. Enjoy your day!

Oct 17, 2019 05:04 AM #1
Rainmaker
5,074,439
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Wayne and Jean Marie Zuhl (jean marie) whether buying or selling, the first step is to hire the right team....and in the Rahway area, the ONLY team to hire is Wayne and Jean Marie.... call them....you'll understand my thoughts....

Oct 17, 2019 05:14 AM #2
Rainmaker
3,168,592
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Wayne and Jean Marie... that's quite a significant increase in home prices over the past year in Rahway. No doubt the real estate team to fall for this fall or in any season is Wayne and Jean Marie Zuhl 

Oct 17, 2019 05:50 AM #3
Rainmaker
1,963,764
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good moring Wayne and Jean Marie Zuhl - using the right team makes all the difference and in Rahway that is the Zuhl Team!

Oct 17, 2019 09:16 AM #4
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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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