Skip to main content

Title: Edison vs Metuchen NJ — Which Town Is the Smarter Buy Right Now? 🏑

I’ve been following the Middlesex County market pretty closely (08830 / 08820 / 08817), and I’m curious what locals think.

πŸ‘‰ In Edison (especially North Edison 08820), homes are still moving fast and people are paying a premium for the school districts and proximity to Metropark/Metropark trains.

πŸ‘‰ In Metuchen (08840), prices have climbed a lot too, but the “small town vibe,” downtown, and direct train into NYC seem to keep demand strong.

From what I’m seeing: • Average Edison single-family = around $700k–$850k (depending on pocket). • Average Metuchen single-family = trending $750k+ with fewer days on market.

If you had $750k–$800k to spend, which town would you buy in and why? • Buyers: What’s most important to you (schools, commute, lifestyle)? • Sellers: Do you feel like now is still a good time to cash out before rates shift again?

Curious to hear real experiences from anyone who recently bought or sold in Edison/Metuchen.

submitted by /u/nshahzadi
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1nfwywe/title_edison_vs_metuchen_nj_which_town_is_the/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...