Local Real Estate Market October 21, 2022

Homes for Sale in Cranford NJ this week

There are currently 19 homes for sale in Cranford NJ, as of Friday, October 21, 2022.  The homes for sale range in price from $275,000 for a two bedroom townhouse to $1,390,000 for a 6 bedroom colonial.  4 of these homes were new listings this week which include a 4 bedroom split level home listed for $929,000 in the College Estates Neighborhood.  So far this month, there have only been 12 new home listings in Cranford which is -41% to last year.  


One of the homes for sale in Cranford NJ, 7 Roger Norton Pl,  dropped in price from $559,900 to $549,900 this week.  This home, which has been on the market for 24 days, is in the Indian Village neighborhood in Cranford.  Additionally 7 other homes that are on the market, had price drops in previous week.  The average Days on Market on homes for sale right now is 40 days and there are 6 homes that have been on the market for over 50 days.   This is a definite slow down from the trend earlier this year and last year.  For October month to date, the average DOM is 30 days which is 19% more than this time last year.


There are 4 Open Houses scheduled for this weekend including 3 for the properties that just came on the market this week.  2 of these Open Houses are on Princeton Rd which is in the College Estates neighborhood of Cranford.   Click here for a full round up of Open Houses in Union County.


Cranford NJ is a desirable suburb in Union County, NJ.  Cranford has a great Downtown, Good Schools and an amazing Community.  Although the Real Estate Market nationally has been softening for a while, the Cranford NJ Real Estate Market has remained stronger until recently.  Over the past few months, we have started to see homes sitting on the market for a bit longer and dropping in price; but inventory remains very light.  To keep a pulse on the Cranford NJ Real Estate Market, sign up to receive Neighborhood News