You Won't Believe the $10 Million Home That Sold This Week—Find Out Which One!

A recent real estate surge has been observed in the Middletown area, with a notable sale leading the pack: a stunning single-family home at 27 Irving Place in Red Bank, which sold for a staggering $1.86 million on November 5. This house, built in 1910, spans 3,342 square feet and boasts 4 bedrooms and 3 bathrooms, translating to an impressive $557 per square foot.

In total, there were 20 residential real estate sales recorded in the area within the past week, with the average sale price landing at $780,883. The data reflects a healthy market with an average price per square foot of $399.

Highlights from Recent Sales

Here's a look at some of the most significant sales from the past week:

• $750,000: A 2,600-square-foot detached house at 551 Chester Parkway, Belford, featuring 4 bedrooms and 4 bathrooms. The deal was finalized on November 6.
• $765,000: A residence at 58 E. Westside Ave., Red Bank, built in 1920, spanning 1,850 square feet. The finalized sale took place on October 31.
• $775,000: Another historical home located at 36 Worthley Street, Red Bank, built in 1921. This house offers 1,492 square feet of living space and features 3 bedrooms and 2 bathrooms. The deal was also concluded on October 31.
• $790,000: A home at 18 Neptune Place, North Middletown, measuring 2,812 square feet, with 3 bedrooms and 3 bathrooms. This sale was finalized on November 6.
• $832,000: At 139 Statesir Place, Red Bank, a 1,868-square-foot detached house was sold. The deal was finalized on November 6.
• $850,000: This sale involved a residence at 561 Kings Highway E, in Atlantic Highlands, built in 1953 and featuring 2,612 square feet with 3 bedrooms and 3 bathrooms. The sale was finalized on November 6.
• $875,000: A large home at 3 Renier Court in Middletown with 5 bedrooms and 4 bathrooms, covering 3,346 square feet. This was finalized on November 3.
• $1,150,000: A single-family home located at 115 Hill Terrace, Red Bank was sold, featuring 2,615 square feet. This deal was completed on November 5.
• $1,250,000: A detached house at 63 Green Meadow Blvd. in Middletown, built in 1982, with 4 bedrooms, 3 bathrooms, and 2,772 square feet. The deal was finalized on November 6.

These figures reflect a dynamic real estate market, highlighting increasing demand and a willingness among buyers to invest significantly in properties in the Middletown area. As home prices rise, it will be interesting to see how these trends develop in the coming months, especially as potential buyers face various economic factors impacting their purchasing power.

The recent surge in property sales not only signals a robust market but also suggests that families and investors alike view the Middletown area as an attractive option for residence and investment. With the average sale price trending upwards, potential buyers may need to act quickly to secure their desired properties.