East Orange Real Estate Market Sees Eight Home Sales in One Week

During the week of October 13 to October 19, 2023, the East Orange real estate market recorded a total of eight home sales. The transactions highlight a diverse range of properties, with the most significant sale being a spacious home on Thomas Boulevard, which sold for $565,000.

Among the notable transactions, the median sale price was driven by the 3,084 square-foot property on Thomas Boulevard, representing a price of $183 per square foot. This sale has set a notable benchmark for the local market, reflecting the demand for larger homes in the area.

The following are details of the transactions that occurred in the East Orange region during this period:

– 70 S. Munn Ave.: Sold for $139,500
– 289 Glenwood Ave.: Sold for $301,248, measuring 2,456 square feet, priced at $123 per square foot
– 20 Lake Street: Sold for $475,000, with a size of 1,195 square feet, priced at $397 per square foot
– 28 Westcott Street: Sold for $545,000, covering 1,922 square feet, priced at $284 per square foot
– 51 N. Maple Ave.: Sold for $625,000, 2,719 square feet, at $230 per square foot
– 139 Sanford Street: Sold for $635,000, measuring 1,502 square feet, priced at $423 per square foot
– 62 Morris Street: Sold for $950,000

These figures underscore the active nature of the market in East Orange, where buyers are seeking a variety of properties, from affordable options to more luxurious homes. The data reflects not only the ongoing demand but also the varying preferences of buyers in this region.

As the real estate market in East Orange continues to evolve, it remains to be seen how these trends will influence future sales and property values. The figures from this week provide a clear snapshot of the current state of home sales in the area, highlighting both the opportunities and challenges present in the market.