realestate

Salem County Home Sales: March 10-16 Recap

Salem County Home Transfers: 5 Transactions, Median Sale $1,656-Sq-Ft Home on Paterson Avenue

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    **Salem County Home Transfers: March 10-16**

    A snapshot of recent home sales in Salem County reveals a diverse market with varying price points. During this period, five transactions were recorded, offering insight into the area's real estate landscape.

    Notably, the median sale price was achieved by a 1,656-square-foot property on Paterson Avenue in Pennsville, which sold for $265,000. This transaction serves as a benchmark for the region's housing market.

    Here are the details of each home transfer:

    * Monroeville: A luxurious estate at 107 Richwood Road changed hands for $880,000, boasting an impressive 4,439 square feet and a price per square foot of $198.

    * Penns Grove: An affordable option emerged in the form of a 589-square-foot property on Willis Street, selling for $75,000 with a price per square foot of $127.

    * Pennsville: Two properties stood out in this municipality:

     + A 1,656-square-foot home at 19 Paterson Avenue sold for $265,000, achieving a price per square foot of $160.

     + A larger property at 15 Isaacs Drive fetched $400,000, covering an area of 2,618 square feet with a price per square foot of $153.

    * Salem: A more modest sale took place in the form of a 967-square-foot home on East Broadway, selling for $92,500 with a price per square foot of $96.

    This data is provided by Real Estate Newswire, a service powered by United Robots and Propmix, which leverages machine learning to analyze national real estate trends.

Salem County real estate market update: home sales recap for March 10-16.