Monroe’s Real Estate Market Peaks with $1.6 Million Sale

A residential property in Monroe Township has set a new high in sales, fetching $1.6 million during the week of October 13 to 19, 2023. This sale not only topped the list of the most expensive homes sold in the area but also reflects the growing demand for high-value real estate in Middlesex County. A total of 48 residential properties were sold in the county within this timeframe, with an average sale price of $732,418 and an average price per square foot of $306.

The following highlights the ten highest sales recorded in Monroe Township during this week:

Top Ten Sales in Monroe Township

**10. 9 Toby Terrace**
A single-family home located at 9 Toby Terrace was sold for $822,000. Built in 1983, the property features a living area of 2,907 square feet, resulting in a price per square foot of $283. The sale was finalized on September 29.

**9. 445 Grace Hill Road**
Another notable sale was at 445 Grace Hill Road, which sold for $875,000. This residence, constructed in 2004, encompasses 2,516 square feet, making the price per square foot $348. The transaction was completed on September 18.

**8. 2 White Pine Road**
The property at 2 White Pine Road sold for $997,000. Built in 1930, this home was finalized on September 26.

**7. 19 Stonegate Drive**
Just under the million mark, the single-family residence at 19 Stonegate Drive was sold for $999,900. Constructed in 2002, it has a living area of 3,168 square feet, leading to a price per square foot of $316. The deal was finalized on September 19.

**6. 1 Saddle Court**
A sale for the home at 1 Saddle Court concluded at $1,035,000. This property, built in 2001, offers 3,911 square feet, resulting in a price per square foot of $265. The finalization date was September 29.

**5. 23 Inter Lachen Court**
This single-family residence sold for $1,050,000. Built in 2020, it features 3,816 square feet of living space, translating to $275 per square foot. The sale was finalized on September 22.

**4. 20 Washingtons Crossing**
The property at 20 Washingtons Crossing sold for $1,100,000. This home, constructed in 2018, has a living area of 2,928 square feet, with a price per square foot of $376. The sale was completed on September 25.

**3. 23 Keswick Circle**
With a sale price of $1,225,000, the residence at 23 Keswick Circle offers 2,870 square feet, resulting in a price per square foot of $427. This house was finalized on September 19, 2023.

**2. 16 Stanley Drive**
Selling for $1,250,000, the property at 16 Stanley Drive features 3,486 square feet of living space, leading to a price per square foot of $359. The deal was finalized on September 19.

**1. 3 Lexington Court**
The most expensive sale of the week was a single-family residence at 3 Lexington Court, which sold for $1,600,000. This home, built in 2001, boasts a substantial living area of 5,148 square feet, resulting in a price per square foot of $311. The sale was completed on September 26.

The rising prices in Monroe Township highlight a significant trend in the local real estate market, indicating a robust demand for high-end homes. The overall increase in property values may be attributed to various factors, including location, amenities, and the appeal of suburban living. As the market continues to evolve, potential buyers and sellers alike are keenly observing these changes.