UPDATE: A stunning single-family home in Elizabeth has just sold for $725,000, leading the list of the most expensive residential real estate transactions recorded in the area from October 27 to November 2. This week, a total of 19 residential sales were documented, with an average price of $489,947, reflecting a vibrant real estate market.
The urgency of these sales is underscored by the average price per square foot, which stands at $246. As buyers continue to flock to the Elizabeth region, the following are the most notable transactions from the past week:
10. $480K – A charming single-family home at 761 Rahway Ave. sold for $480,000. The property, built in 1926, features 1,360 square feet of living space, resulting in a price of $353 per square foot. This deal was finalized on October 7.
9. $495K – A detached house at 765 Cleveland Ave. #767 changed hands for $495,000. This residence, built in 1927, offers 1,586 square feet, equating to $312 per square foot. The closing date was October 15.
8. $550K – Another single-family home, located at 178-180 Third Street, was sold for $550,000. The sale was completed on October 10.
7. $550K – A residence at 423 Cherry Street in Roselle Park also sold for $550,000. Built in 1925 and encompassing 1,668 square feet, this home sold for $330 per square foot, with the deal closing on October 14.
6. $560K – Another notable sale was at 115 Hollywood Ave. in Hillside, where a single-family home sold for $560,000. This house, built in 1944, measures 1,210 square feet, with a price of $463 per square foot. The sale was finalized on October 14.
5. $565K – The single-family home at 154 W. Clay Ave. in Roselle Park saw a sale price of $565,000. Built in 1938, this property features 1,846 square feet, translating to $306 per square foot. The transaction was completed on October 2.
4. $575K – A home at 608 Faitoute Ave. in Roselle Park sold for $575,000. Built in 1958 and encompassing 1,814 square feet, the price per square foot was $317. The deal was finalized on October 7.
3. $610K – At 22 Atlantic Street in Elizabeth, a 1,106-square-foot home sold for $610,000, which breaks down to $552 per square foot. The sale was completed on October 16.
2. $690K – A detached house at 1296 Bright Street in Hillside was purchased for $690,000. The property spans 1,496 square feet, resulting in a price of $461 per square foot. This sale was finalized on October 15.
1. $725K – Leading the list, the single-family home at 1081 Elizabeth Ave. #83 was sold for $725,000. This property, built in 1936, reflects the growing demand in the Elizabeth area with a significant closing date on October 10.
As the real estate market remains active, interested buyers should act swiftly. The climbing prices reflect not only the desirability of the Elizabeth area but also the competitive nature of home sales. Stay tuned for further updates as the market continues to evolve.