Metuchen Real Estate

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Metuchen Real Estate & Homes for Sale in New Jersey

Located in the heart of central New Jersey, Metuchen captures the spirit of ?small town USA? just 25 miles from Manhattan. Metuchen?s residents often walk or jog down its tree-lined streets, shop in the quaint Main Street stores, frequent the many playgrounds and parks and gather at the annual events like parades, the arts and crafts festival and the country fair. Local residents often get to know their local merchants and get personalized service they find missing at large chain stores in the nearby shopping malls. Aside from its ?neighborly? small-town friendliness, Metuchen?s age differentiates it from its more modern suburban neighboring towns. From the Victorian era horse-watering trough on Middlesex Avenue to its many charming restored historic homes, Metuchen retains a historic character and timeless stability. Also known as ?The Brainy Borough? because of the many professionals, artists, educators and literary figures who lived here, Metuchen developed primarily due to its location and access to key transportation routes. From Metuchen it is easy to commute to New York City by train or bus, or to Newark, Trenton, or nearby Rutgers University in New Brunswick. The borough has about 13,000 residents that enjoy the quality of life including parks, great schools, easy transportation access to the surrounding area and a historic character that is hard to match.

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Price Range of Metuchen Houses

There is a wide range of housing options available in Metuchen, including single-family detached homes, condos and town homes. Single-family detached homes start in the mid-$300,000s and range up to the mid-$700,000s but can go higher for the most spectacular older estate properties. Many of the homes in town feature wooded lots and are a short walk from all that Metuchen has to offer. The area also features condos and townhomes, which are typically in the range between the low to mid $200,000s to the $400,000s. Some of the new condo complexes feature resort style swimming pools, exercise rooms and community centers. There is also a limited amount of land available in the area for custom building.

Metuchen Real Estate Stats and Trends for the week of April 16th, 2020: homes priced around $479,933 compared to $479,933 the previous week, to remain steady with no change in listing price.  For Thursday, April 16th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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