UPDATE: New reports confirm a surge in residential property sales in the Plainfield area from January 12 to 18, 2023. A total of 5 transactions were recorded, highlighting a dynamic market that continues to attract buyers.
The standout sale during this period was a 892-square-foot property on Warfield Road in North Plainfield, which sold for an impressive $470,000. This high-value transaction underscores the growing demand for homes in the region.
Here’s a breakdown of the notable transactions:
– **50 Linden Ave, North Plainfield**: Sold for $238,500, 510 square feet, at $468 per square foot.
– **436 Greenbrook Road**: Sold for $450,000, 1,255 square feet, at $359 per square foot.
– **640 Warfield Road**: Sold for $470,000, 892 square feet, at $527 per square foot.
– **74 Mercer Ave**: Sold for $730,000, 2,732 square feet, at $267 per square foot.
– **40 Emma Street, Unit 42, Plainfield**: Sold for $360,000, 1,372 square feet, at $262 per square foot.
The median sale price for the area during this week reached $470,000, reflecting a robust real estate market. With properties moving quickly, potential buyers and investors are encouraged to act fast.
As the Plainfield area continues to see increased interest, experts suggest that this trend may signal a broader recovery in the housing market as more families seek to secure homes in desirable neighborhoods.
What’s next? Real estate professionals are closely monitoring this trend for future developments, and potential buyers should be prepared for ongoing competitive conditions in the market. Stay tuned for updates as the situation evolves!
For more real estate news, including what $1 million can buy in nearby regions, keep an eye on our latest reports. The Plainfield market is trending—don’t miss out on your opportunity!
