A recent surge in residential real estate activity has been observed in Sayreville, New Jersey, with a total of 12 homes sold between November 3 and November 16, 2023. The highest sale during this period reached a remarkable $550,000, reflecting a growing interest in the local property market. The overall average sale price during these two weeks was $461,750, with an average price per square foot of $315.
The list below outlines the eight most expensive homes sold in Sayreville during this timeframe, showcasing a diverse range of properties and price points.
Top Residential Sales in Sayreville
In eighth place, a single-family home at 205 Johnson Lane sold for $145,000. Built in 1957, this property finalized its sale on October 17.
Seventh on the list is a detached residence located at 18 Delikat Lane, which sold for $336,000. This 3,329-square-foot house, constructed in 1912, had its sale completed on October 15, reflecting a price of $101 per square foot.
Next, at sixth place, is a home at 10 S. Edward Street that went for $350,000. This property, built in 1950, finalized its sale on October 14.
The fifth position is occupied by a condominium at 2006 Bayhead Drive, which sold for $449,000. This unit, constructed in 1986, offers a living space of 1,158 square feet and had a price per square foot of $388. The sale was completed on October 20.
In fourth place, a single-family home at 5 Guilfoyle Terrace achieved a sale price of $475,000. This property, built in 1961, finalized its deal on October 23.
Taking the third spot is a residence located at 292 Washington Road, which sold for $480,000. Built in 1955, this home has a living area of 1,121 square feet, resulting in a price per square foot of $428. The sale was finalized on October 20.
The second most expensive sale was a detached house at 23 Marshall Place, which sold for $515,000. This property, constructed in 1953, had its deal finalized on October 15.
Finally, the top sale was a single-family home at 39 Embroidery Street, which reached a price of $550,000. Built in 1915, this residence totals 1,129 square feet, leading to a price per square foot of $487. The sale was completed on October 16.
Market Insights and Future Trends
The recent sales figures indicate a robust real estate market in Sayreville, driven by a mix of older and newer properties. The average sale price reflects a healthy demand, and the price per square foot suggests that buyers are willing to invest in desirable locations.
As more properties continue to enter the market, it will be interesting to see how these trends evolve in the coming months. With the average home now exceeding $400,000, potential buyers may face challenges in finding affordable options, while sellers are likely to benefit from the increasing home values.
Overall, the residential sales in Sayreville from November 3 to November 16 highlight a vibrant local market that is attracting both new residents and investors. As the area continues to develop, it remains a key location to watch in New Jersey’s real estate landscape.
