Essex County Homes Under $1M: Hot Market Sees Major Sales

URGENT UPDATE: A surge in real estate activity has been reported in Essex County as recent sales reveal numerous homes under $1 million from November 24 to November 30. Prospective buyers are seizing opportunities in a competitive market, with multiple properties changing hands in the past week.

During this period, 10 properties were sold, showcasing a variety of options for homebuyers looking to invest without exceeding the $1 million threshold. Each of these homes offers spacious living areas and desirable locations, making them attractive choices for families and individuals alike.

Among the notable sales, a single-family home at 19 Squire Hill Road was sold for $999,500, or $434 per square foot. This property encompasses 2,302 square feet of living space on a 0.5-acre lot, constructed in 1960, finalizing its sale on October 23.

Another significant transaction occurred at 60 Church Street, selling for $999,000 on the same day. This charming home, built in 1910, provides 2,285 square feet of living area on a sizeable 5,650-square-foot lot.

Not to be overlooked, a property at 45 Ocean Street changed hands for $990,000, translating to $602 per square foot. Built in 1925, this detached house offers 1,644 square feet and a generous 7,109-square-foot lot, with the deal closing on October 30.

Further transactions include:

• 31 Sommer Ave: Sold for $980,000 ($542 per square foot), offering 1,808 square feet of space, finalized on October 28.
• 37 Gala Court: A modern condominium sold for $920,000 ($460 per square foot), boasting 2,000 square feet, finalized on October 27.
• 5 Elm Street: This historic home sold for $900,000 ($273 per square foot), encompassing 3,300 square feet, with the deal completed on October 29.
• 27 Morningside Road: Another single-family home, sold for $900,000 ($512 per square foot), providing 1,759 square feet, finalized on October 27.
• 28 Bennington Road: Sold for $900,000 ($586 per square foot), offering 1,536 square feet, with a deal closure on October 29.
• 588 Valley Street: A historic residence sold for $885,000 ($402 per square foot), with 2,201 square feet of living area, finalized on October 30.
• 47 Sequoia Drive: A newer condominium sold for $875,000 ($495 per square foot), spanning 1,766 square feet, with the deal completed on October 23.

As the market evolves, these transactions highlight the ongoing demand for homes in Essex County. Buyers are encouraged to act swiftly as properties in this price range continue to attract significant interest.

For those seeking to stay updated on the latest real estate trends, follow the market closely as further sales and opportunities arise. The competitive landscape suggests that quick decision-making will be essential for prospective homeowners.