Monmouth County Homes Sold for $400K or Less: Nov. 17-23

During the week of November 17 to November 23, 2023, several properties in Monmouth County changed hands at or below the price of $400,000. This report outlines the top ten real estate transactions within that price range, highlighting key details about each property, including the number of bedrooms, bathrooms, and square footage.

Overview of Recent Sales

The real estate market in Monmouth County continues to offer opportunities for homebuyers seeking affordable options. Notable transactions from this period include a variety of homes and condominiums, each providing unique features to potential buyers. The following list details the properties sold for or under $400,000, with the title recorded during the specified week.

1. A detached house at 14 W. Richard Street sold for $400,000, equating to $331 per square foot. This 1956-built home spans 1,208 square feet and includes three bedrooms and one bathroom. The sale was finalized on October 24.

2. Located at 177 Tulip Lane, a condominium featuring two bedrooms and two bathrooms also sold for $400,000, or $363 per square foot. Constructed in 1986, this property offers 1,102 square feet of living space. The sale was completed on October 24.

3. Another condominium, situated at 146 Parkway Drive UNITA, changed ownership for $400,000, which translates to $397 per square foot. Built in 1967, this home encompasses 1,008 square feet, featuring two bedrooms and one bathroom. The deal was finalized on October 28.

4. A single-family home at 273 Stuart Street sold for $400,000. The property, constructed in 1970, includes two bedrooms and two bathrooms. This transaction was completed on October 30.

5. Priced at $395,000, the condominium at 432 Hampton Court represents another opportunity below the target range. With a living area of 1,159 square feet and built in 1990, it features two bedrooms and two bathrooms. The sale was finalized on October 29.

6. The condominium at 70 Overlook Way UNITA sold for $385,000, or $332 per square foot. This property built in 1974 includes two bedrooms and two bathrooms, covering 1,158 square feet. The deal was completed on October 27.

7. At 79 Barkalow Ave., a single-family residence with four bedrooms and two bathrooms sold for $383,000, which amounts to $242 per square foot. This 1958-built home offers a living space of 1,584 square feet and sits on a 6,000-square-foot lot. The sale was finalized on October 30.

8. A single-family house at 5 Riverview Ave. changed ownership for $380,000. This property, built in 1939, includes one bedroom and one bathroom. The sale was completed on October 24.

9. The condominium at 6 Claridge Court UNIT4 sold for $375,000, equating to $341 per square foot. Built in 1987, this property features two bedrooms and two bathrooms within 1,099 square feet of living space. The deal was finalized on October 30.

10. Finally, a single-family home at 38 Franklin Ave. sold for $375,000. This 1932-built property spans 995 square feet and includes three bedrooms and one bathroom. The sale was completed on October 30.

These recent transactions reflect the ongoing demand for homes priced under $400,000 in Monmouth County, appealing to both first-time buyers and those seeking affordable housing options. The variety of properties available highlights the diverse needs of buyers in the current market landscape.