UPDATE: The real estate market in Salem County is heating up as seven properties sold for or under $400,000 between October 20 and October 26, 2023. Homebuyers eager to find affordable options should take note of these quick transactions, reflecting a dynamic housing landscape.
In a week filled with significant sales, properties are changing hands at impressive speeds. The latest figures show a range of homes offering great value, with the lowest sale hitting just $233,000 and the highest at $380,000. Each listing provides a unique opportunity for buyers looking to enter the market.
1. Priced at $380,000, the single-family home at 68 Pindale Drive features a spacious 1,066 square feet of living area and sits on a generous 20,038-square-foot lot. This property, built in 1965, finalized its sale on October 7, at a rate of $356 per square foot.
2. Another attractive option, the detached house at 332 Allen Ave, sold for $359,000 on October 6. Offering 1,362 square feet of living space, this home, constructed in 1930, is situated on a 4,901-square-foot lot and sells for $264 per square foot.
3. The single-family residence at 394 E. Pittsfield Street sold for $300,000 on October 6. With 1,168 square feet of living space and a 0.7-acre lot, this property, built in 1986, provides ample room for its new owners at $257 per square foot.
4. Buyers also snatched up a property at 19 N. Miller Ave for $290,000 on October 8. Spanning 1,456 square feet, this home, built in 1988, sits on a 0.3-acre lot, costing $199 per square foot.
5. At 23 Jones Ave, a single-family residence sold for $285,000, translating to $197 per square foot. This home offers 1,444 square feet of living space and a 7,810-square-foot lot, with the deal finalized on October 8.
6. For buyers seeking a more affordable option, the house at 309 Georgetown Road sold for $255,000 on October 6. Built in 1917, it offers 1,078 square feet of living area on a 4,752-square-foot lot, at $237 per square foot.
7. Finally, the detached house at 120 Lincoln Drive changed ownership for $233,000 on October 8. This home spans 1,260 square feet on an 8,002-square-foot lot, costing $185 per square foot.
As the real estate market continues to shift rapidly, the demand for affordable homes is clear. These sales not only reflect the ongoing interest in Salem County but also highlight opportunities for buyers looking to make a move in today’s competitive landscape.
Stay tuned for more updates on the Salem County housing market and what it means for prospective homeowners. The urgency to buy is palpable, with properties disappearing quickly from the market. Keep your eyes peeled for the next big sale!
