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.
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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
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 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.