During the week of December 15 to 21, 2023, Salem County witnessed a notable uptick in residential property transactions, with a total of 23 properties changing hands. The week’s activity reflects a dynamic real estate market, with sales ranging from modest homes to more luxurious listings.
The standout sale of the week occurred in Pennsville, where a 1,536-square-foot residence on Quaker Road sold for $295,000. This transaction highlights the growing interest in the area, as the median sale price for the week suggests a competitive market.
Key Transactions across Salem County
Several other significant sales contributed to the week’s total. In Bridgeton, a property located at 568 Route 49 sold for $160,000, featuring 1,652 square feet and priced at $97 per square foot. Elmer also saw activity, with a property at 210 Chestnut Street changing hands for $105,000, offering 1,456 square feet at $72 per square foot.
In Penns Grove, multiple properties were sold, including a 1,705-square-foot home on 280 Regional Drive for $166,500 and a 1,064-square-foot residence at 287 B Street that fetched $209,000.
Other notable transactions included:
– A 1,501-square-foot property at 35 Railroad Ave in Penns Grove, sold for $240,000.
– A larger home on 60 N. Dupont Road in Pennsville, which sold for $320,000 and spans 1,534 square feet.
The week also saw several high-value sales, including a 2,268-square-foot residence on 43 Enlow Place priced at $430,000, and a stunning property at 88 Church Landing Road that reached $599,900 for 2,543 square feet.
Market Trends and Insights
The diverse range of properties sold during this period indicates a healthy interest in Salem County’s real estate market. The variety in price points and sizes suggests that buyers are exploring options that suit different budgets and preferences.
The sector’s vitality is further underscored by notable sales in Pilesgrove and Woodstown, where properties fetched prices such as $680,000 for a 2,366-square-foot home on 157 Alloway Aldine Road. Additionally, a residence at 15 Magnolia Court in Woodstown sold for $345,000, showcasing the area’s appeal to potential homeowners.
As the year comes to a close, these transactions represent a promising outlook for the local real estate market, with buyers actively seeking homes in the region. The consistent activity suggests that Salem County continues to be a desirable location for both first-time buyers and seasoned investors alike.
In summary, the week of December 15 to 21, 2023, marked a vibrant chapter in Salem County’s residential property market, reflecting a blend of affordability and luxury in the current listings.
