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Summer heat waves meet a sizzling June real estate market in Kearny

431 Forest Street

By Jack Marflak

The seasonal transition into summer did absolutely nothing to cool down Kearny’s hot real estate market this past June. Building on a powerful spring performance, local property sales surged to a volume of over $10.8 million.

Buyers routinely demonstrated a willingness to pay premium dollar for move-in-ready space. For instance, a 5-bedroom home at 56 Hamilton Avenue commanded a flawless $998,000 closing price right at the start of the month.

Kearny’s multi-family properties continued to act as a powerful engine for the local real estate economy. Breaking past the million-dollar milestone, a substantial multi-family asset at 431 Forest Street topped June’s charts with an impressive closing price of $1.24 million.

As local inventory continues to face historic demand, the June data delivers an incredibly clear picture to Kearny community members: it is still an exceptional time to be a property owner in town.

Below is a look at the residential properties that recorded sales during the month, based on publicly available records.

Property AddressProperty TypeBedrooms / BathsFinal Sales Price
56 Hamilton AveSingle-Family5 Beds / 4 Baths$998,000
728 Devon StSingle-Family4 Beds / 2.5 Baths$570,000
431 Forest StMulti-FamilyStudio / Multi$1,240,000
26 Halstead StMulti-Family5 Beds / 3 Baths$780,000
670 Devon StSingle-Family3 Beds / 2 Baths$485,000
680 ½ Chestnut StSingle-Family3 Beds / 1 Bath$260,000
130 Brighton AveMulti-Family4 Beds / 3.5 Baths$853,000
130A Brighton AveSingle-Family4 Beds / 3.5 Baths$853,000
58 Wilson AveMulti-FamilyStudio / Multi$776,000
3 Stuyvesant AveSingle-Family4 Beds / 3 Baths$755,000
520 Schuyler AveMulti-Family7 Beds / 3 Baths$760,000
513 Hickory StSingle-Family4 Beds / 1.5 Baths$505,000
547 Elm StMulti-Family6 Beds / 3 Baths$809,900
5 Hamilton AveSingle-Family3 Beds / 3 Baths$600,000
148 Magnolia AveSingle-Family3 Beds / 2 Baths$605,000

Average Home Price: The average transaction price for a closed residential property in June was $723,326.

The sales data above has been collected from multiple sources, including the New Jersey Multiple Listing Service (NJMLS), Garden State MLS (GSMLS), Hudson County MLS (HCMLS), and public records.

Categories: News Real Estate
Jack Marflak: