A total of 15 residential properties changed hands in the Newark area between November 17 and November 23, reflecting a dynamic local real estate market. The transactions highlight a variety of home sizes and prices, with a notable median sale price of $585,000 for a 2,066-square-foot home located on Kossuth Street.
Details of Home Sales
Among the notable transactions, one property at 111 Mulberry Street sold for $185,000, while another at 300 Chadwick Avenue fetched $450,000 for a substantial 5,060 square feet, translating to $89 per square foot. In contrast, a smaller home at 232 Alexander Street also sold for $450,000, with a higher price per square foot at $302 for its 1,488 square feet.
Additional sales included:
– 99-101 Mountainview Place: $470,000, 1,298 square feet, $362 per square foot
– 40 Weequahic Avenue: $495,000, 1,920 square feet, $258 per square foot
– 104 Pine Grove Terrace: $502,500, 1,012 square feet, $497 per square foot
The highest sale during this period was a property at 39-41 Fabyan Place, which commanded an impressive $3,700,000. The other significant transactions included:
– 238 Renner Avenue: $958,000, 4,297 square feet, $223 per square foot
– 975,000 for 38 Norfolk Street, which featured 6,834 square feet at $143 per square foot.
As the Newark real estate market continues to evolve, these transactions illustrate the ongoing demand for residential properties in the area. The variety in price points and property sizes suggests a broad spectrum of buyer interest.
For those following the real estate market, the recent activity in Newark serves as a reminder of the local dynamics at play. Additional reports on home sales in nearby locations, including Bloomfield and Washington Township, can offer further insights into regional trends.
