UPDATE: In a significant surge of residential real estate activity, a home in Pennsville has sold for $375,000, topping the list of the most expensive homes sold in Salem County from December 1 to December 7. This week saw a total of seven residential sales registered, with an average price of $208,571 per property.
The standout sale at 170 Fort Mott Road was finalized on November 17. The detached house, built in 1965, boasts a living area of 2,152 square feet, marking a price per square foot of $174. This sale highlights the growing interest in Salem County’s housing market as buyers seek quality homes.
Here’s a breakdown of the recent sales:
7. $110K – A detached house at 38 Elvin Ave. in Penns Grove. Finalized on November 20, this single-family home built in 1940 covers 2,228 square feet at a price per square foot of $49.
6. $135K – Another single-family residence at 5 Seventh Ave. in Penns Grove. This sale, finalized on November 17, includes 3,112 square feet of living space and a price per square foot of $43.
5. $135K – The single-family home at 243 Walnut Street Road in Salem was also sold for $135,000. This 1,008-square-foot house, built in 1950, has a price per square foot of $134, with a deal finalized on November 17.
4. $200K – Located at 18 Avis Mill Road in Pilesgrove, this home was sold for $200,000, with the deal finalized on November 20. The property was built in 1962.
3. $210K – The property at 260 Johnson Street in Penns Grove has new owners after selling for $210,000. This house, built in 1965, has a living area of 1,058 square feet and a price per square foot of $198, with the deal finalized on November 17.
2. $295K – The single-family home at 24 Lake Ave. in Quinton sold for $295,000. Built in 1930, this house offers 1,392 square feet of living space, resulting in a price per square foot of $212. This transaction was also finalized on November 20.
This surge in sales signals a robust real estate market in Salem County, making it a prime area for buyers looking for value.
As the local housing market continues to evolve, potential buyers and investors should keep a close eye on upcoming listings and market trends. The urgency for quality homes in desirable areas appears to be increasing, making timely decisions crucial for prospective homeowners.
For more real estate updates, stay tuned for the latest trends and developments in your area!