November 28th, 2016
A ranking list compiled by NJ Realtors and posted by NJ.com compared New Jersey markets based on factors such as the average number of days that a home spent on the market, the average percent of list price received and median sales price.
With homes spending an average of 39 days on the market and listing for an average of $679,000, South Orange came in third right behind Millburn and Hoboken. What an awesome achievement for our small town! South Orange is followed by Summit, Glen Ridge, Chatham Borough, Montclair, Fair Haven, Maplewood and Ridgewood.
Known for its varied architecture, New Jerseyans pour into South Orange due to its easy train access to Manhattan that gets commuters there in 40 minutes. Nearly 16,000 people in live in South Orange, which maintains a bustling downtown partially due to its largest ‘resident,’ Seton Hall University. While both charming and small, South Orange also has major retail and commerce for convenience.
Today, South Orange has quite a few properties listed on the State and National Historic Registers, including the Old Stone House, Baird Community Center, Chapel of the Immaculate Conception, Eugene V. Kelly Carriage House and the Montrose Park Historic District. It’s mix of historical beauty and new modern apartment homes make it one of the hottest areas in New Jersey to call home. Back to Blogs