Just a little data for you specifically for 4 bedroom split level homes in North Edison:
- Currently there are 7 on the market with an average list price of $472k
- 4 homes have sold in 2013 with an average list price of $459k, an average sale price of $422k, and an average of 65 days on the market
- The average sale price for 4 bedroom split levels in North Edison was $475k in 2011 and $453k in 2012. The average sale price has definitely dropped this year however 4 homes is a very small sample size.
This obviously does not take anything into account regarding the condition of your home, the location in North Edison, the lot size, etc. In general in 2013, homes in North Edison are selling quicker and for higher prices especially when multiple offer situations occur.
If you're looking for a more specific estimate of value for your home, I would be happy to do a little research and let you know what you're up against if you're considering selling your home this year. Feel free to contact me and we can talk more.
Patric Santo Pietro
Prudential New Jersey Properties