Recent real estate activity in the Old Bridge area has seen a total of 14 homes sold between November 17 and November 23. The transactions reflect a diverse range of properties, showcasing varying sizes and prices that highlight the local market’s dynamics.
Key Transactions and Median Sale Price
The median sale during this period was a compact 890-square-foot home located on Liberty Street in South Amboy, which sold for $530,000. This sale exemplifies the ongoing demand for housing in the area, despite variations in square footage and price per square foot across different properties.
In Aberdeen, a notable transaction involved a home at 59 White Oak Lane, which sold for $736,059. This residence spans 2,395 square feet, resulting in a price of $307 per square foot.
In Matawan, 167 Penn Court sold for $360,000. This home measures 1,412 square feet, achieving a price of $255 per square foot. Another property on State Route 34, at 818 State Route 34, also attracted attention, selling for $435,000 and offering 1,264 square feet of living space.
Additional Sales and Market Insights
The diversity in the types of homes sold illustrates a range of buyer preferences. For instance, a property at 195 Kinnoll Hill Court sold for $443,750, featuring 1,254 square feet with three bedrooms and three bathrooms, reflecting the needs of families. Another home on Balmoral Court, priced at $507,000, offers a similar layout with 1,452 square feet.
The Old Bridge area also saw sales involving larger homes, such as a residence at 27 Oakland Road, which sold for $715,000 and boasts 1,985 square feet. In contrast, a more affordable option was available at 244 Second Street in South Amboy, which sold for just $52,106 despite having 1,232 square feet.
Overall, the variety of home sizes and prices sold in the Old Bridge area during this week reflects ongoing trends in the local real estate market. With the median sale price at $530,000, potential buyers may find opportunities in both upscale and budget-friendly segments. The market remains active, indicating a continued interest in residential properties across the region.
