In a remarkable real estate event, a modest 2,385-square-foot home in Short Hills, New Jersey, attracted a staggering 24 offers within 48 hours, eventually selling for $1.72 million. The property, listed at $1.1 million, showcases the intense competition and high demand in New Jersey's housing market. Despite needing upgrades, the home's prime location near New York City made it extremely desirable. The quick sale illustrates the enduring appeal of suburban living with easy access to urban areas, as highlighted by the influx of potential buyers and builders.
Despite its humble appearance and modest size, the home entered contract after just seven days, officially selling for $1.72 million—a whopping 50% increase over its original price tag.
This sale exemplifies the current state of the New Jersey housing market. With limited inventory and strong buyer demand, competition is intense.
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