UPDATE: In a significant week for real estate, the Perth Amboy area saw just two home transactions from October 27 to November 2, 2023. Notably, the most substantial sale was a spacious 1,765-square-foot home located on State Street, which sold for $620,000.
The second transaction involved a smaller property at 368 Rector Street, selling for $379,500. This 1,339-square-foot home reflects a price of $283 per square foot, showcasing the ongoing demand for housing in the region.
These sales come amid a fluctuating real estate market, where buyers are keenly observing listings in the wake of changing economic conditions. The median price point of $620,000 indicates a robust interest in larger homes, despite the limited number of transactions reported this week.
As real estate trends evolve, homeowners and potential buyers should stay alert for new listings and market shifts. With November just beginning, more developments are expected in the coming weeks.
Stay tuned for further updates on the Perth Amboy housing market and other real estate insights.
