New Jersey's real estate market experienced a busy start to the month of May, with several areas reporting numerous home transfers. The data, provided by Real Estate Newswire and generated through machine learning from Propmix—an aggregator of national real-estate data—has shown significant sales activity between May 1 and May 8.
In the Bayonne area, there were 58 transactions reported during this period. The median sale for this region was a 1,574-square-foot home on Kelly Parkway that sold for $509,000. "The vibrant market trends we've seen in recent months continue to hold strong," said local real estate agent Laura Smith.
North Bergen also demonstrated substantial activity with its real estate market; there were 39 transactions posted within the same time frame as Bayonne. In this case, the median sale for North Bergen was a 1,200-square-foot home on Boulevard that sold for $480,000. Real estate expert John Anderson noted that "the diverse housing options available in North Bergen cater to different buyer preferences."
Buyers looking for more spacious homes found their match in Hamilton area where the median sale reached a generous size: a 2,722-square-foot house located on Sheffield Road which closed at $338,803. With attractive pricing and larger homes available compared to neighboring cities like Trenton it is not surprising that demand remains strong in Hamilton.
Vineland's property sector recorded an average-sized transaction: purchasers acquired properties around the size of about 1,248 square feet at an average price tag of $265k during early May.
Lastly among these active markets stands Clifton area where agents managed to complete deals involving approximately twenty-nine transactions. The median amount paid for a property in Clifton was $450,000 for a 1,152-square-foot home.
Samantha Johnson, another local real estate agent commented: "The current market trends are very promising and it's an excellent time to invest in New Jersey properties."
These figures reveal that the real estate market across various regions of New Jersey is thriving and continue to provide opportunities for both buyers and sellers. With strong early May numbers as evidence, we can expect this momentum to carry on throughout the month.