The real estate market in the Passaic area experienced three home sales between November 24 and November 30, 2023. The most notable transaction involved a spacious home located on Marietta Avenue, which sold for $775,000. This property, measuring 2,904 square feet, highlights the ongoing demand for housing in this region.
The details of the transactions reveal a range of property sizes and values. The second property sold, situated at 175 Harrison Street, fetched $755,000 for a 1,642-square-foot home, translating to approximately $460 per square foot. Additionally, a home at 288 Park Avenue was sold for $800,000, with a total area of 2,019 square feet, which equates to around $396 per square foot.
Sales in this area provide insight into local market trends and property values, which can be valuable for prospective buyers and investors alike. The median sale price reported during this period reflects a competitive market, particularly for larger homes like the one on Marietta Avenue.
Understanding these transactions is crucial for those interested in the Passaic real estate scene, whether they are looking to buy, sell, or simply gauge the current market climate. The ongoing activity suggests a robust interest in property in this area, despite broader economic conditions that may impact real estate markets elsewhere.
As the year progresses, it will be interesting to observe how the housing market in Passaic continues to evolve, especially with such notable transactions taking place within a short timeframe.
