A total of 15 residential properties changed hands in the Newark area from November 17 to November 23, 2023, amounting to over $8 million in sales. The most notable transaction was a 2,066-square-foot home located on Kossuth Street, which sold for $585,000.
Several properties sold during this period featured varying square footage and price points. The following is a summary of notable transactions:
Key Transactions in Newark
One of the lower-priced homes was located at 111 Mulberry Street, which sold for $185,000. In contrast, high-end sales included a property on 39-41 Fabyan Place, fetching an impressive $3.7 million.
A breakdown of other significant sales includes:
– 300 Chadwick Avenue: Sold for $450,000, covering 5,060 square feet, or $89 per square foot.
– 232 Alexander Street: Sold for $450,000, measuring 1,488 square feet, or $302 per square foot.
– 40 Weequahic Avenue: Sold for $495,000, with a size of 1,920 square feet, or $258 per square foot.
– 9 Mapes Terrace: Sold for $625,000, covering 3,850 square feet, equivalent to $162 per square foot.
Other notable sales included:
– 695 Clifton Avenue: $650,000 for 2,958 square feet
– 48 Cypress Street: $860,000 for 5,150 square feet
– 238 Renner Avenue: $958,000 for 4,297 square feet
– 38 Norfolk Street: $975,000 for 6,834 square feet
The data reflects a diverse real estate market in the Newark area, with homes ranging significantly in price and size. This range showcases the ongoing interest in Newark as a residential location, appealing to a variety of buyers.
As the local housing market continues to evolve, these transactions provide insight into current trends and buyer preferences in the Newark area.
