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If you're buying or selling a home in Rahway, this slide show will describe the current market, analyze it compared to previous markets, and offer some advice to help make your purchase or sale easier.
Citation preview
How’s the Real Estate Market in Rahway? July, 2014
If you're planning on buying or selling a home
in Rahway, the first step is to learn about the
Rahway real estate market conditions.
Inventory
There are currently 173 homes offered for sale in Rahway and they range in price from $61,300 to $539,000.
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Series1
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Series2
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Active and Sold Listings - Rahway, NJ
Hom
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Series1
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Series2
11 9 18 11 14 22 16 15 28 8 6 11 13 8 13 10 21 16 16 19 20 21 20 18 8 13 8 7 12 26 21
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Active and Sold Listings - Rahway, NJ
Hom
es
Inventory
12 month avg= 197July 2014 = 218July 2013 = 207July 2012 = 228
July ‘12July ‘13
July ‘14
12 month avg
Jan-12
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Jan-14
Feb-14
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May-
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Jun-14
Jul-
14
Series1
228
223
215
224
218
230
228
228
233
210
195
182
170
164
172
187
199
201
207
190
181
196
182
169
180
181
195
220
225
221
218
Series2
11 9 18 11 14 22 16 15 28 8 6 11 13 8 13 10 21 16 16 19 20 21 20 18 8 13 8 7 12 26 21
25
75
125
175
225
Active and Sold Listings - Rahway, NJ
Hom
es
Inventory
12 month avg= 197July 2014 = 218July 2013 = 207July 2012 = 228
July ‘12July ‘13
July ‘14
12 month avg
Above average inventory tends to decrease prices.
Prices
The average selling price of a home in Rahway in July was $214,243.
Jan-12
Feb-12
Mar-12
Apr-12
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Jun-12Jul-1
2
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40
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Average Sale Price and List Price - Rahway, NJ
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Average Sale Price and List Price - Rahway, NJ
Prices
12 month avg = $211,787July 2014 = $ 214,243July 2013 = $220,819July 2012 = $180,091
July ‘12 July ‘13July ‘14
Jan-12
Feb-12
Mar-12
Apr-12
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2
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40
50000
100000
150000
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Average Sale Price and List Price - Rahway, NJ
Prices
12 month avg = $211,787July 2014 = $ 214,243July 2013 = $220,819July 2012 = $180,091
July ‘12 July ‘13July ‘14
Very small price gains over the past 12 months.
Days on Market
The average sold home in Rahway in July was sold after 71 days.
Average Days on Market - Cranford, NJ
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Average Days on Market - Rahway, NJ
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Average Days on Market - Rahway, NJ
Days on Market
12 month avg = 100July 2014 = 71July 2013 = 83July 2012 = 136
July ‘12
July ‘13
July ‘14
Jan-12
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0
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Average Days on Market - Rahway, NJ
Days on Market
12 month avg = 100July 2014 = 71July 2013 = 83July 2012 = 136
July ‘12
July ‘13
July ‘14
Tremendous improvement in the time it takes to sell a home in Rahway!
What does this mean to you?Prices are slowly increasing, but homes are
selling quickly. If you’re planning to BUY a home, this might be
a great time to get a deal! If you’re planning to SELL a home, you need to
make sure your home is in top showing condition and that it’s priced right so that it stands up to the competition!
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