Lots of commuters call Rahway, NJ home because commuting to and from New York City from Rahway is a breeze. Rahway Train Station was renovated in 1999 and a new parking deck was built in 2005. A train ride from the Rahway Train Station to Penn Station in NYC takes about 40 minutes. Rahway is a city in southern Union County and is home to nearly 28,000 people.
The area was once the home of the Lenni Lenape Native Americans and the city was named for a local tribal chief whose name was Rahwack. The corner of St. Georges Avenue and Westfield Avenue was the site where George Washington met troops from Elizabeth and Newark during the Revolutionary War.
Rahway public school children are served by four elementary schools, Rahway 7th and 8th grade Academy and Rahway High School.
In Rahway, 169 homes were sold in 2012 with sales peaking in September and resulting in a 20% decrease in inventory at the end of 2012 compared to the beginning of 2012. Only 182 homes are actively for sale and this represents 9 ½ months worth of inventory remaining in Rahway which is much higher than most of Union County. At the current rate of sales, it will take 9 ½ months for the existing listings to sell.
List prices in Rahway essentially stayed the same through 2012. Sale prices, on the other hand, dropped about 15% in May, bounced back, and then dropped again in August and September, ending the year about 20% lower than they were in January.
If you’re thinking of buying a home in Rahway or if you’re thinking of selling your home in Rahway, you deserve a Realtor who understands the market and can get you the best deal. Please call us at 908-917-4189 for your personal consultation.
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