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Union County home buyers and sellers – here is the 2013 year end real estate market report! 

Let’s begin by comparing the average sale price in the various towns of Union County through 2012 and 2013. 

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It’s obvious that Westfield has the highest sale price of the county – and has for many years – and Rahway and Linden make up the homes with the lowest sale price. It’s also obvious that there are a wide variety of homes in Union County and there is something for nearly every budget! The middle towns – Springfield, Clark, Cranford, Kenilworth, and Fanwood – have homes that fall in the middle of the pack with average prices in the $330-$430,000 range.

 

When we combine these two graphs together, however, a new picture emerges.

Here we see 2012 average sale prices in the blue and 2013 sale prices in the orange. Homes on the more expensive end of the spectrum seem to have increased the most and homes on the lower end of the spectrum seem to have increased the least.

 

 

 

 

Less obvious, however, are the two towns that actually lost market value in 2013 – Kenilworth and Springfield each showed a decrease in average home sale from 2012 to 2013. Are they the best kept secret bargains of Union County? Also less obvious is Scotch Plains – while prices are among the highest in Union County, they increased only a little from 2012 to 2013. Will 2014 be the year that Scotch Plains home values catch up with the other similar towns, or will Scotch Plains remain a more affordable option?

For more information on an individual town, please read the most recent market reports below:

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Comments on: "2013 End of Year Real Estate Market Report for Union County" (10)

  1. […] 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 […]

  2. […] With homes selling this quickly in Fanwood, how are prices affected? The average sale price in Fanwood in December was $415,600. The average sale price in December of 2012was $405,000 and the average in all of 2013 was $427,709.  This is about average for Union County. […]

  3. […] and lower than the average of $517,814 in December of 2012. Scotch Plains remains one of the highest market values of Union […]

  4. […]  Home Prices in Springfield: The average sale price in Springfield in December was $379,562 and the average sale price in 2013 was $354,464. Overall, prices in Springfield are stronger now than they’ve been for several years. Springfield home values sit roughly at the middle of the pack for home values in Union County. […]

  5. […] The average sale price of a home in Westfield in December was $802,213, still well above the average for 2013 of $762,802. Homes continue to be a great value, and Westfield remains the Union County town with the highest home value. […]

  6. I am not sure where you’re getting your info, but good topic.

    I needs to spend some time learning much more or understanding
    more. Thanks for wonderful information I was looking for this information for my mission.

  7. […] typical that Linden, Rahway, and Union are among the lowest in the county as they were in 2012 and 2013. Likewise, Westfield, Mountainside, and Scotch Plains have had the highest real estate values in […]

  8. […] The real estate market in 2012 and 2013 was very different from this year because buyers and sellers were beginning to recover from a recession. In 2014, the economy has stabilized somewhat and the housing market has adjusted. […]

  9. […] 2013 End of Year Real Estate Report for Union County – 1/1/14 […]

  10. […] 2013 End of Year Real Estate Report for Union County – 1/1/14 […]

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