How’s the Real Estate Market in Rahway? July, 2014

If you're planning on buying or selling a home

in Rahway, the first step is to learn about the

Rahway real estate market conditions.

Inventory

There are currently 173 homes offered for sale in Rahway and they range in price from $61,300 to $539,000.

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Series1

228

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182

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Series2

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Active and Sold Listings - Rahway, NJ

Hom

es

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228

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Series2

11 9 18 11 14 22 16 15 28 8 6 11 13 8 13 10 21 16 16 19 20 21 20 18 8 13 8 7 12 26 21

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Active and Sold Listings - Rahway, NJ

Hom

es

Inventory

12 month avg= 197July 2014 = 218July 2013 = 207July 2012 = 228

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July ‘14

12 month avg

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Series1

228

223

215

224

218

230

228

228

233

210

195

182

170

164

172

187

199

201

207

190

181

196

182

169

180

181

195

220

225

221

218

Series2

11 9 18 11 14 22 16 15 28 8 6 11 13 8 13 10 21 16 16 19 20 21 20 18 8 13 8 7 12 26 21

25

75

125

175

225

Active and Sold Listings - Rahway, NJ

Hom

es

Inventory

12 month avg= 197July 2014 = 218July 2013 = 207July 2012 = 228

July ‘12July ‘13

July ‘14

12 month avg

Above average inventory tends to decrease prices.

Prices

The average selling price of a home in Rahway in July was $214,243.

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Average Sale Price and List Price - Rahway, NJ

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Average Sale Price and List Price - Rahway, NJ

Prices

12 month avg = $211,787July 2014 = $ 214,243July 2013 = $220,819July 2012 = $180,091

July ‘12 July ‘13July ‘14

Jan-12

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Average Sale Price and List Price - Rahway, NJ

Prices

12 month avg = $211,787July 2014 = $ 214,243July 2013 = $220,819July 2012 = $180,091

July ‘12 July ‘13July ‘14

Very small price gains over the past 12 months.

Days on Market

The average sold home in Rahway in July was sold after 71 days.

Average Days on Market - Cranford, NJ

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Average Days on Market - Rahway, NJ

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Average Days on Market - Rahway, NJ

Days on Market

12 month avg = 100July 2014 = 71July 2013 = 83July 2012 = 136

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Average Days on Market - Rahway, NJ

Days on Market

12 month avg = 100July 2014 = 71July 2013 = 83July 2012 = 136

July ‘12

July ‘13

July ‘14

Tremendous improvement in the time it takes to sell a home in Rahway!

What does this mean to you?Prices are slowly increasing, but homes are

selling quickly. If you’re planning to BUY a home, this might be

a great time to get a deal! If you’re planning to SELL a home, you need to

make sure your home is in top showing condition and that it’s priced right so that it stands up to the competition!