The COVID-19 pandemic has changed the way we live, work, and socialize. Many are working from home, attending online classes, and avoiding physical proximity as much as they can.
For that reason, the suburbs, with single-family homes and large courtyards, became the rage, and the housing market heated up. Suddenly, the new trend is to move away from urban living and seek refuge in the suburbs.
New Jersey is no exception and if you want to live among the best places in New Jersey, you should consider moving to one of the following counties. Let’s explore the top four NJ suburbs that people are moving to because of the pandemic.
Wyckoff (Bergen County)
With 17,000 people spread over 6.6 square miles, Wyckoff was recently named one of the best places to live in Bergen County. The average house has been selling for $874,000, and sellers have been getting an average of more than 96% of their asking price.
Wyckoff is a peaceful suburb with an excellent school district and a lively community. With mortgage rates at record lows, young families have been arriving in the city, captivated by the charming downtown areas, convenient transit to New York, abundant recreational activities, and harmonious atmosphere.
Montclair (Essex County)
Montclair is a town of 38,000 people 15 miles from New York. It has convenient rail and bus links to New York and many cultural amenities, including the campus of Montclair State University.
New listings on the market increased 280% in August 2020 and homes sold 44.4% faster within 20 days and reached a median sale price of $ 975,000. Frequently, there are lines at the open houses and almost every car on the street has a New York license plate.
Westfield (Union County)
Westfield is located at the foot of Watchung Reservation and has 37,000 residents over 6.7 square miles. It’s the perfect combination of urban living with a small-town vibe. It has an amazing downtown, gorgeous homes on tree-lined streets, great schools, and a strong sense of community.
Union County has experienced a large migration from New York City as of Spring 2020. New listings increased 97.1% in August 2020 over 2019 and closed sales 58.3% respectively. The median sale price has been $ 937,000 and the median home sale was slightly higher than the sale price.
Manalapan (Monmouth County)
Manalapan is 15 miles from New Jersey beaches and 45 miles from New York City. However, nowadays traveling to NYC has become less of a concern, and properties with a water view are getting people’s attention. Between August 2019 and August 2020, the median sales price jumped from $ 425,000 to $ 525,000.
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If you’re looking to buy or sell a home, reach out to Maria Falzo at email@example.com and let us connect you to our network of professionals!