Newark Home Sales: Latest Transactions from April 15 to April 21

From April 15 to April 21, there were 17 home transactions reported in the Newark area. The median sale price during this period was $620,000 for a 2,623-square-foot home on Ridge Street in Newark. Notable transactions include a 1,220-square-foot home on Ninth Avenue sold for $250,000, a 2,869-square-foot home on Fairmount Avenue sold for $385,000, and a 2,956-square-foot home on Ridgewood Avenue sold for $665,000. The most expensive sale was a 2,885-square-foot home on Bock Avenue, which sold for $765,000.

Monroe Home Transfers: April 15-21

A total of six home transfers were recorded in Monroe Township, Middlesex County, from April 15 to April 21. The median sale price during this period was $500,000 for a 1,867-square-foot home on Greenleaf Way. Notable transactions include:

* 130 Perrineville Road, Jamesburg: $420,000 for 1,376 square feet

* 266C Middlebury Lane, Monroe Township: $251,000 for 1,177 square feet

* 20A Dolley Madison Drive, Monroe Township: $409,900 for 1,280 square feet

* 319 Greenleaf Way, Monroe Township: $500,000 for 1,867 square feet

* 51 Afton Blvd., Monroe Township: $775,000 for 3,385 square feet

* 8 Washington Ave., Monroe Township: $975,000 for 2,016 square feet

Lancaster County Home Transfers: April 15-21

A total of 171 home transfers were reported in Lancaster County between April 15 and April 21, with a median sale price of $300,000 for a 1,916-square-foot home on Whittier Lane in Lancaster City Annex. Notable transactions include the sale of a 1,354-square-foot residence on Jefferson Road in Adamstown for $293,000 and three bedrooms and three bathrooms.

March New Home Sales Surpass Expectations, Driven by Rising Median Prices

March New Home Sales climbed 8.8% month-over-month to 693K, exceeding expectations of 668K and the revised February figure of 637K. The median sales price of new houses surged to $430.7K, significantly higher than the previous month’s $400.5K. The average sales price also witnessed an increase, reaching $524.8K compared to $485.0K in January. At the end of March, the estimate of new houses for sale stood at 477K, indicating an 8.3-month supply at the current sales rate.

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