A great place to live and work

 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.

 Image

 

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.

Image

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 teamzuhl@gmail.com 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:

Advertisements

Comments on: "Inventory is down in Rahway and Linden!" (1)

  1. […] Inventory is down in Rahway and Linden – 2/8/2014 […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Tag Cloud

%d bloggers like this: