UPDATE: New real estate data reveals the latest property sales in Monmouth County, with homes priced at or under $400,000 selling quickly in the week of December 15 to 21, 2023. This information is crucial for prospective buyers navigating the competitive housing market in the area.
During the designated week, five notable properties changed hands, offering opportunities for homebuyers seeking affordable options. Here’s a breakdown of the top sales:
1. A two-bedroom, two-bath condominium at 71 Bradford Court, Matawan sold for $395,000. This property, covering 965 square feet, was built in 1983 and finalized on November 19. The sale price translates to $409 per square foot.
2. At 107 Lexington Court, Red Bank, another two-bedroom, one-bath condominium sold for $360,000. Spanning 952 square feet and built in 1977, the sale was completed on November 19, making it an attractive option at $378 per square foot.
3. A single-family house located at 85C Catherine Street, Red Bank changed ownership for $350,000. This home, which features two bedrooms and one bathroom, sits on an 8,159-square-foot lot and was built in 1910. The transaction closed on November 18.
4. Priced at a budget-friendly $289,000, a two-bedroom, one-bath condominium at 56 Stonehurst Blvd., Apt. C, Freehold was sold. Built in 1970 and covering 854 square feet, this property had a sale price of $338 per square foot and was finalized on November 18.
5. Finally, a charming three-bedroom, one-bath single-family home at 158 Ridge Ave., Asbury Park sold for $285,000. With 1,120 square feet of living space and constructed in 1925, this sale was also completed on November 18, representing a price of $254 per square foot.
These sales reflect a strong demand for homes under $400,000 in Monmouth County, highlighting the urgency for potential buyers to act fast in this competitive real estate market.
As interest rates fluctuate and housing inventory remains tight, buyers are encouraged to stay updated on market trends. For more insights, keep an eye on upcoming reports detailing similar sales across nearby counties, including Middlesex and Ocean.
Stay tuned for further updates as the housing market continues to evolve!