Monroe County Sees Surge in Home Sales, Top Sale Hits $1.2M
URGENT UPDATE: Monroe Township in Middlesex County has reported a significant surge in residential real estate sales, with a stunning property at 10 Mimi Drive selling for $1.24 million this past week. This sale leads a total of 20 residential transactions recorded from November 17 to 23, 2023, averaging about $621,782 per home.
The latest figures indicate a robust market, reflecting a price per square foot of $329. This surge in home sales is crucial for prospective buyers and investors looking to enter the Monroe real estate market.
Here’s a breakdown of the most expensive sales from the past week:
10. $469K – A single-family home at 17 Ashbourne Drive sold for $469,000. Built in 1991, the house offers 1,594 square feet of living space, finalizing on October 29.
9. $515K – The condominium at 386A Metuchen Drive sold for $515,000. Constructed in 1979, its 1,432 square feet closed on October 27.
8. $551K – A detached house at 10 Westminster Drive fetched $551,000. Built in 1999, it encompasses 1,996 square feet, with the deal finalized on October 27.
7. $623K – A single-family home at 157 Valencia Drive was sold for $623,000, equating to $257 per square foot. This property was built in 2005 and finalized on October 29.
6. $715K – The residence at 7 Jester Court sold for $715,000. With 2,388 square feet and built in 2010, the sale was completed on October 27.
5. $735K – A single-family home at 17 Aquaduct Road was purchased for $735,000. This property, built in 2011, spans 2,740 square feet and finalized on October 24.
4. $840K – The property at 24 Bentley Road sold for $840,000. Built in 1957, it offers 2,324 square feet and was finalized on October 27.
3. $925K – A sale was completed for a home at 135 Country Club Drive at $925,000. This residence, constructed in 2006, spans 2,340 square feet and was finalized on October 28.
2. $1.1M – The house at 949 Cranbury South River Road sold for $1.1 million. Built in 1800, the deal was finalized on October 28.
1. $1.24M – Topping the list, the luxurious home at 10 Mimi Drive sold for $1,240,000. Built in 2002 and offering 3,092 square feet, this sale was completed on October 24.
As these transactions unfold, they highlight a rapidly evolving market in Monroe Township, with buyers eager to invest in upscale properties. With new families moving into the area and home values continuing to rise, the coming weeks will be critical for home seekers and real estate investors alike. Stay tuned for further updates on this developing real estate trend.
