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April 24, 2023

New Jersey Home Sales Surge as Median Prices Vary Across Counties

New Jersey Home Sales Surge as Median Prices Vary Across Counties
Alexander Whitford
Alexander Whitford

Recent data released by Real Estate Newswire, a service provided by United Robots with machine learning capabilities, has detailed the median home sales across five counties in New Jersey. The data spans from April 17 to April 24 and includes listings of all home transfers within this period. Propmix, an aggregator of national real estate data, supplied the information for analysis.

In Camden County, the median sale was a 1,472-square-foot home on Ridgeway Street in Gloucester City that sold for $250,000 during this time frame. "The market is definitely picking up pace," said local real estate agent Jane Dawson. "We're seeing more interest from buyers who are attracted to affordable prices."

Meanwhile in Somerset County, homes experienced higher median sales prices with a 1,268-square-foot property on Garretson Road in Bridgewater selling for $523,000. Local expert Mark Stevens commented: "Somerset County is known for its excellent school districts and convenient location to major highways which makes it attractive to families."

Essex County saw a similar trend with the median sale being recorded at $476,000 for a 1,320-square-foot house located on North Maple Avenue in East Orange. Realtor Emily Thompson explained that Essex County's proximity to Manhattan continues to be appealing: "Buyers appreciate having easy access into the city while still enjoying suburban living."

Bergen County showcased even higher numbers as their week-long reported median sale came from Montvale – specifically Spring Valley Road where a buyer purchased a 1-403 square foot residence priced at $635k.

Finally moving onto Monmouth county - Hearth Court welcomed new homeowners after they bought their now dwelling totaling approximately 1826 sq ft; ultimately costing them around half million dollars ($530k).

As housing markets continue heating up throughout various areas within NJ state lines due mostly thanks in part because people want affordable living options combined alongside good schools systems without sacrificing proximity toward major metropolitan areas.