Rahway has had several revitalization projects in recent years. Its population is just over 27,000. Students in Rahway are served by Grover Cleveland School, Franklin School, Madison School, and Roosevelt School, Rahway 7th & 8th Grade Academy for grades 7-8 and Rahway High School for grades 9-12.
The city of Linden, NJ is “Big enough to lead, small enough to care,” and about 41,000 people call it home. Public school students in Linden are served by the Linden Public School system with eight elementary schools, McManus and Joseph E. Soehl Middle Schools, and Linden High School. Linden homeowners enjoy one of the lowest tax rates in Union County.
There are currently 274 homes offered for sale in Rahway and Linden. While this might seem like plenty of homes, it’s actually the lowest inventory Rahway and Linden have seen in more than 2 years. Low inventory nearly always results in an increase in prices as supply is lower than demand.
And that is exactly what we’re seeing with the sale prices of homes sold in January in Rahway and Linden. The average sale price was $230,274, nearly 19% higher than January of 2012.
The average sold home in Rahway and Linden in January was sold after 111 days on the market. Still higher than most of Union County, this is still significantly faster than we’ve seen historically in Linden and Rahway. Especially considering that January is typically a slow month in real estate in New Jersey, it’s good news that homes are still selling and selling faster.
If you’re interested in buying a home in Linden or Rahway, click here to see all of the homes currently on the market. If you’re interested in finding out what your Linden or Rahway home is worth, find out here. If we can help you along the way, email us at firstname.lastname@example.org or call us at 908-917-4189!
For more information on selling a home:
For more information on the Real Estate in Rahway and Linden:
- Single Family Homes for sale in Linden and Rahway - 1/1/2014
- The Linden Market Report - 11/2013
- October in Rahway’s Real Estate Market - November, 2013
- How’s Linden’s Real Estate Market? October, 2013
- Linden Real Estate Market Report for August, 2013 - 08/15/13
- Rahway Real Estate Market Report – August 2013 - 08/05/13
- Linden Months of Supply - 07/12/13
- How does the Months Supply in Rahway affect sellers? - 07/10/13
- Sell my home in Rahway! - 07/02/13
- Sell my Linden home! - 06/25/13
- Beautiful 3 BR home in Linden offered for sale! - 06/01/13
- Linden Real Estate Market Report – April, 2013 - 05/26/13
- Rahway Real Estate Market Report – April, 2013 - 05/27/13
- Linden Real Estate Market Report – January-March, 2013 - 04/20/13
- Rahway Real Estate Market Report – January-March, 2013 - 04/05/13
- 602 W. Curtis Street, Linden - 04/04/13
- Rahway, NJ – A brief historical look - 03/04/13
- How long will my Union County home be on the market? - 02/24/13
- The Winter Real Estate Market in Rahway - 02/23/13
- For Sale – 904 Kent Place, Linden - 12/10/12
- Buying or Selling a Home in Rahway, NJ - 01/12/13
- Linden Real Estate Market – 2012 in Review - 01/07/13
- Still a Buyer’s Market in Linden! - 10/29/12
- How do additional bathrooms or bedrooms affect market value in Linden? - 10/14/12
- How do additional bathrooms or bedrooms affect market value in Rahway? - 10/15/12
- Free Market Analysis of Linden, NJ - 07/30/12
- Linden, NJ, Market Report – 1st half of 2012 - 07/09/12
- Free Market Report of Rahway Homes! - 08/13/12
- Rahway Market Trends - 03/25/12
122 two-family homes are currently offered for sale in Union County. Prices range from $150,000 to $750,000. You can search through the homes by clicking here and then contact us for an appointment to tour the ones you like.
Where are the two family homes?
Nearly every town in Union County has at least one two-family home for sale. Westfield has a beautiful duplex offered for $749,900. There is a 5 bedroom, 6 bath two-family home in Linden offered for $599,000. Cranford has a beautiful home on nearly a quarter of an acre for only $$539,000 and Clark has a six bedroom home for $494,500.
Investors will be pleased to see that there are 5 great two-family homes for $150,000 – in Linden, Rahway, Plainfield and Union.
Why buy a Two Family Home?
Buyers of two family homes are often investors – they seek to live in one unit and rent the other unit. With rental prices in Union County so high, they often see a return on investment quickly.
Buyers of two family homes may also buy the two family home for their family. They may seek to live in one unit and have their adult children or elderly parents live in the other unit, saving housing costs and providing a lifestyle that suits some people.
When you put your home on the market in Union, you should be ready to move quickly. Nearly all of Union County saw a marked decrease in the average Days on Market of a sold home in 2013 as compared to 2012, and the average home that sold in Union County in 2013 sold in fewer than 75 days as compared to an average of 88 days in 2012. Certainly, location within Union County had some effect on this as well, so here is the breakdown by town:
Westfield, the fastest selling town in 2012, continues to sell faster than 2012 but not as quickly as Garwood, Mountainside, Fanwood, and Cranford. Rahway, the slowest selling town in 2012, is now faster selling than Union and Linden.
When we combine these two graphs, we see how each town’s Days On Market changed from 2012 to 2013.
Twons like Mountainside, Fanwood, Clark, Scotch Plains, and Rahway saw dramatic improvements in selling times whereas other towns like Westfield, Garwood, and Kenilworth only saw small improvements. Interesting to note that only Linden saw an actual increase in selling time from 2012 to 2013. We recently published the 2013 End of the Year Real Estate Market Report for Union County in which we compared the average sale prices of homes in Union County towns from 2012 with sale prices in 2013.
Looked at another way, below we have each town represented by a bar indicating the increase or decrease in selling time.
How does this affect you? Call Team Zuhl for a free Comparative Market Analysis and find out what your home is worth today!
How’s your school doing?
Among other factors, home values are directly linked to schools. Great schools bring up the prices of homes, and bad schools bring down the prices.
If you haven’t seen the news, this year’s School Ratings by Inside New Jersey has been published. Inside New Jersey is not the only school rating system but it is the first to publish their results this year.
Inside New Jersey used 4 years of data to evaluate schools. The criteria they used were the HSPA (High School Proficiency Assessment) and SAT (Scholastic Aptitude Test) results. Each school was given a letter grade – A, B, C or D. They didn’t score schools the way you would predict – in other words, a score of “A” isn’t the best. A score of A means, according to Inside New Jersey, “above average score, below average growth,” whereas a B means “above average score, above average growth.” A C means “below average score, below average growth” and a D means “below average score, above average growth.”
Here are the scores:
|Union Cty. Magnet Hs
|Academy For Information Technology
|Westfield High School
|Summit Senior H.S.
|New Providence H.S.
|Governor Livingston H.S.
|Scotch Plains-Fanwood H.S
|Cranford Senior H.S.
|Union Cty. Vo-Tech Hs
|Arthur L. Johnson
|Roselle Park High School
|David Brearley Hs
|Union Sr High
|Abraham Clark H.S.
When these scores are correlated to home values, the average value of a home in an A school district is $519,660. The average value of a home in a B district is $482,271. The average home in a C school district is valued at $280,825 and the average home in a D school district is valued at $361,800.
For more information on schools in Union County, click here. For more information on home values, click here.
In many parts of Union County, we’re experiencing a weak seller’s market or a diminishing buyer’s market. If you want to get in on the summer market, here are some things you need to know before you list your home:
- Make repairs before you list your home! Things like leaky roofs, dead light bulbs, and broken windows, will make it harder for potential buyers to see your home’s attributes. Take care of them before you list your home.
- Make home improvements that will increase the value of your home. If your budget and time frame allow, making these repairs now will help get your home sold quicker and for a higher price.
- Educate yourself about the home selling process. Here is a link to a free video called “Preparing your home to sell.”
- Interview real estate agents. Most sellers hire the first agent they interview, while others continue looking. Be sure to choose an agent who shows you a vibrant marketing plan that you trust.
- Research market conditions in your neighborhood so that you can make an intelligent decision about pricing your home. We’ve linked some local market reports below to help you get started.