Manalapan’s Real Estate Market Surges: Top Sales Revealed!

BREAKING NEWS: The Manalapan real estate market is making headlines as the most expensive home sold for a staggering $940,000 during the week of December 1-7, 2023. This surge in property sales highlights an active market, with six residential sales recorded, averaging $615,833.

The standout property was a single-family home located at 55 Wintergreen Drive, boasting a living area of 2,221 square feet and featuring two bedrooms and two bathrooms. The deal, finalized on November 7, reflects a price per square foot of $423, indicative of the area’s rising demand.

Here’s a breakdown of the top six residential real estate sales in Manalapan for the week:

6. $245,000 – A 1,130-square-foot condominium at 31 Meadow Green Circle UNITF, built in 1973, featuring two bedrooms and one bathroom. This transaction was completed on November 10, with a price per square foot of $217.

5. $335,000 – Another condominium at 35 Amberly Drive UNITG sold for $335,000. This unit, finalized on November 7, offers two bedrooms and two bathrooms within its 1,130 square feet, priced at $296 per square foot.

4. $550,000 – The property at 163 Longwood Drive has found new owners after being sold for $550,000. Built in 1987 and featuring one bedroom and three bathrooms, this condominium spans 1,314 square feet with a price per square foot of $419. The sale was finalized on November 7.

3. $760,000 – A detached house at 31 Devon Drive has been sold for $760,000. This home, finalized on November 10, includes four bedrooms and two bathrooms across 2,108 square feet, with a price per square foot of $361.

2. $865,000 – The single-family house at 34 Appomattox Drive sold for $865,000. Built in 1970, this residence features four bedrooms and two bathrooms, with a total living area of 2,636 square feet and a price per square foot of $328. The deal was completed on November 7.

The uptick in property sales demonstrates a vibrant real estate climate in Manalapan, as buyers are eager to invest in this desirable location. The average price per square foot across all sales was $350, reflecting the competitive nature of the market.

As the property landscape continues to evolve, potential buyers and investors are advised to stay alert for new listings and market trends. Keep an eye on further updates as this story develops, and check back for more real estate news in the area.

This surge in sales not only highlights the booming real estate market but also emphasizes the growing demand for homes in Manalapan, making it a hotspot for prospective buyers.