UPDATE: Just reported, the Passaic area experienced significant real estate activity with three homes sold between November 24 and November 30. As the housing market continues to fluctuate, this latest data reveals key transactions that may impact local buyers and sellers alike.
The standout sale was a 2,904-square-foot home located on Marietta Avenue, which sold for $775,000. This transaction highlights the ongoing demand for spacious homes in the region.
In addition to the Marietta Avenue listing, another property at 175 Harrison Street was sold for $755,000, featuring 1,642 square feet of living space, translating to $460 per square foot. This sale reflects a competitive market where buyers are eager to secure homes in desirable neighborhoods.
Additionally, 288 Park Avenue closed at $800,000, with a total area of 2,019 square feet, equating to $396 per square foot. The sales data from these transactions indicates a healthy real estate environment in Passaic, with properties moving quickly.
As the housing market evolves, prospective buyers and investors should watch for emerging trends. The recent sales underscore a robust interest in the Passaic area, which may signal further price appreciation.
For those interested in real estate opportunities, stay tuned for more updates on home sales across the region, including listings from Teaneck, New Brunswick, Hackensack, North Brunswick, and Paterson, all reported from the same period.
With the holiday season approaching, potential buyers may find the urgency to act quickly as inventory remains limited. Be sure to check back for the latest developments in the housing market!