How is the South Orange Real Estate Market?
June 19th, 2009 Categories: Buying a Home in NJ, NJ First Time Home Buyers, South Orange Living
South Orange, NJ currently has 134 homes for sale
at an average list price of $621,361.
Homes have been on the market on average 98 days.
So what priced homes are selling in South Orange, New Jersey?
Twenty-Three homes went Under Contract
in South Orange, New Jersey this past month.
3 Under $300,000
8 $301,000-$400,000
2 $401,000-$500,000
2 $501,000-$600,000
5 $601,000-$700,000
2 $701,000-$999,999
1 $1,000,000+
The average list price of those homes was $506,300 and they were only on the market for 69 days on average.
How does that compare to last year? Pending sales are down about 18% from the same time period in 2008.
What does that mean for home buyers in South Orange? With historically low interest rates and terrific prices, now is a great time to buy a home in South Orange. Call Perri @ 973.650.4727 or email to learn first hand about South Orange real estate for sale.
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