During the week of December 15 to 21, 2023, Salem County, New Jersey, experienced a notable uptick in residential property sales, with a total of 23 transactions reported. The median sale price for the area was set at $295,000 for a 1,536-square-foot home located on Quaker Road in Pennsville.
Among the transactions recorded, several notable sales include a property at 568 Route 49 in Bridgeton, which sold for $160,000. This home offers 1,652 square feet of living space, translating to a price of $97 per square foot. In Elmer, a house at 210 Chestnut Street sold for $105,000, covering 1,456 square feet at a rate of $72 per square foot.
Another significant sale occurred in Penns Grove, where a home at 280 Regional Drive fetched $166,500 for its 1,705 square feet, equating to $98 per square foot. Additionally, a property at 287 B Street was sold for $209,000, with a total area of 1,064 square feet, bringing the unit price to $196 per square foot.
The transactions also included a sale on 35 Railroad Ave. in Penns Grove for $240,000, featuring 1,501 square feet, at a price of $160 per square foot. Another notable sale in the area was at 60 N. Dupont Road, which sold for $320,000 for a property measuring 1,534 square feet, resulting in a unit price of $209 per square foot.
In Pennsville, several homes changed hands, including 10 E. Dartmouth Road for $145,000, 89 Quaker Road for $295,000, and 43 Enlow Place for $430,000. The latter property offers 2,268 square feet of space at a price of $190 per square foot.
Pilesgrove saw a significant transaction at 302 Fenwick Road, selling for $410,000 and offering 1,648 square feet of living area at a price of $249 per square foot.
Woodstown also reported sales, including 15 Magnolia Court for $345,000 and 157 Alloway Aldine Road for $680,000, with the latter property providing 2,366 square feet at a price of $287 per square foot.
The increase in residential property transactions reflects a vibrant housing market in Salem County, showcasing various options across different price points. This surge offers potential buyers an opportunity to explore diverse living options in the region.
