Cranford Real Estate Market Four Year Trend Analysis

January 29, 2017

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The Cranford real estate market in 2016 saw an increase in condo sales and a resulting decrease in home prices.

  • Average sale price – $429,710, down 2% from 2015. This is a result of an increase in condo sales and half duplex sales in 2016 and is not an indicator of decreasing home values in Cranford.
  • Average Days on Market – Homes sold after an average of 46 days in 2016 compared to 67 days in 2013.
  • Sales – 244 homes were sold in Cranford in 2016 compared to 175 in 2013.Analysis of the past 4 years in Cranford's real estate market