UPDATE: The Plainfield area has seen a flurry of residential property transactions, totaling over $2.1 million from January 12 to January 18. This week alone, five properties changed hands, showcasing a dynamic real estate market that is capturing attention.
The standout sale during this period was a 892-square-foot home located at 640 Warfield Road in North Plainfield, which sold for an impressive $470,000, translating to $527 per square foot. This sale highlights the increasing demand for housing in the region.
Other notable transactions include:
– 50 Linden Ave, North Plainfield: Sold for $238,500, measuring 510 square feet at $468 per square foot.
– 436 Greenbrook Road: Sold for $450,000, with a size of 1,255 square feet at $359 per square foot.
– 74 Mercer Ave: A more spacious option, this 2,732-square-foot property fetched $730,000, or $267 per square foot.
– 40 Emma Street, Unit 42, Plainfield: Sold for $360,000, encompassing 1,372 square feet at $262 per square foot.
These figures reflect a notable trend in the local real estate market, where properties are moving quickly and prices are climbing. The median sale price for the area this week underscores the competitive nature of home buying in Plainfield.
As the market continues to evolve, potential buyers and sellers should stay alert to these shifting dynamics. With properties being sold at a brisk pace, those looking to enter the market may find themselves in a race against time.
For ongoing updates and more real estate news, keep an eye on the latest transactions in the area, including what $1 million can purchase in nearby Somerset County and recent sales in Jersey City, Piscataway, and Camden County. The real estate landscape is shifting rapidly, and staying informed is crucial for making timely decisions.
Stay tuned for more updates as we track the developments in Plainfield’s vibrant housing market.
