Cranford is a beautiful town located in central Union County. About 23,000 people call Cranford home and New Jersey Monthly magazine ranked Cranford as its 34th best place to live in its 2010 rankings.
Before you buy or sell a home, it’s critical to understand local market conditions. Here’s what you need to know for November, 2014.
There are currently 94 single family homes offered for sale in Cranford – the lowest inventory we’ve seen since spring. Twenty homes were sold in November which is 75% better than November of 2013 when only 12 homes were sold.
Prices: The average home sold in Cranford in November was sold for $442,900, well above the 12 month average of $417,445. There was some decrease in value over the early autumn but that seems to have corrected itself.
Days on Market: Homes in Cranford continue to sell quickly. The average home that was sold in Cranford in November was sold after only 50 days on the market, faster than the 12 month average of 52 days.
What does this mean to you?
Home sales continue to be strong in Cranford, and no winter slow down is evident yet. Buyers will still find plenty of homes to choose from, and sale prices are reflecting some competition among buyers.
Team Zuhl is here to help you along of the way. Contact us when you’re ready to take the next step!
For more information on selling your home:
For more information on Cranford Real Estate:
- Cranford Market Conditions – September 20, 2014
- ur of Cranford – July 14, 2014
- What’s our Cranford Home Worth? July 30, 2014
- Homes are Selling Quickly in Cranford – June 23, 2014
- The Spring Real Estate Market in Cranford – 5/17/14
- What’s up in the Cranford Real Estate Market – 4/17/2014
- Sold!!! 611 Hory Street, Cranford – 4/26/2014
- Obtaining a CCO in Cranford – 3/15/2014
- Cranford Real Estate Update – 2/8/14
- Just listed – 3 BR 2.1 Bath Ranch in Cranford – 2/3/2014
- For sale – 100 homes in Cranford – 1/12/2014
- Sold! 65 South Union Street in Cranford is no longer available! 12/31/2013
- The Cranford Real Estate Market Report – 11/7/2013
- How’s Cranford’s real estate market? – 10/2013
- Cranford Real Estate Market Report – August 2013 – 08/15/13
- How does the Cranford Real Estate Market affect you? – 06/29/13
- 5 Simple Steps to Sell My Home in Cranford – 06/04/13
- Real Estate Market Report for Cranford, NJ for April, 2013 – 05/07/13
- How long will my Union County home be on the market? – 02/24/13
- Winter in Cranford’s real estate market – 02/23/13
- Cranford, NJ, Real Estate Market – 12/22/12
- What’s going on with the Cranford Real Estate Market? – 10/25/12
- How does the number of bath or beds affect market value in Cranford? – 10/12/12
- Free Market Analysis of Cranford, NJ – 07/30/12
- Cranford Marketing Report – 02/27/12