A single-family home in Edison, New Jersey, has set the bar for residential real estate sales in the area, selling for a remarkable $1.53 million during the week of December 8-14, 2023. This sale topped a list of 14 transactions that collectively averaged $591,500 each, with an average price per square foot at $407.
Details of the Most Expensive Sales
The standout property, located at 28 Southfield Road, features a living area of 3,034 square feet and was built in 1963. The price per square foot for this residence amounted to $504, with the transaction finalized on November 14, 2023.
Following closely was a single-family home at 9 Fielding Place, which sold for $1.04 million. This property, constructed in 1957, offers 1,902 square feet of living space, with a price per square foot of $544. The sale was completed on November 17, 2023.
Another significant transaction included the single-family residence at 56 Monroe Ave., which fetched $820,000. Built in 1974, this home provides 2,555 square feet of living area, resulting in a price per square foot of $321. This sale was also finalized on November 17, 2023.
Overview of Recent Residential Sales
The remaining properties on the list varied in price and type, highlighting a diverse real estate market in Edison. The following are additional notable sales:
– A single-family home at 20 Sheppard Place sold for $700,000 with a living area of 2,412 square feet and a price per square foot of $290.
– A condominium located at 2414 Edward Stec Blvd. was sold for $570,000, covering 1,653 square feet, resulting in a price per square foot of $345.
The data indicates a healthy real estate market, evidenced by the breadth of transactions and the variety of properties sold at varying price points.
Local real estate experts continue to monitor trends, and these sales reflect both the demand for single-family homes and condominiums in the Edison area. As the market evolves, potential buyers and sellers will be looking closely at these figures to inform their decisions.
This week’s data underscores a competitive landscape, with home prices remaining strong in the face of economic fluctuations.
