As in many suburbs, demand has spiked during the pandemic, leaving inventory low. “The buyer pool keeps growing, and it’s driving the market up,” Mr. Granata said.
That’s good news for the Raschkes. Maureen Mrozek, an agent with William Raveis Real Estate, estimated that today their property would fetch $450,000, a nearly 30 percent increase.
The market this spring “is crazy,” Ms. Mrozek said. “Houses are selling within a day or two of being listed, sometimes over asking, often with multiple bids.”
Based on information compiled by SmartMLS, Inc., as of March 5, there were 21 single-family homes on the market, from a 1,488-square-foot, two-bedroom cottage built in 1925 on 0.15 acres and listed for $184,900, to a 7,389-square-foot, four-bedroom colonial built in 1998 on 3.8 acres, for $939,000.
There were four multifamily homes for sale, from a 1,704-square-foot four-bedroom listed for $279,000, to a 3,767-square-foot five-bedroom for $449,000. There were 12 condominiums for sale, from a 1,250-square-foot two-bedroom listed for $219,900, to a 2,210-square-foot three bedroom for $625,000.
Fifteen rental homes were available, from a 700-square-foot, one-bedroom apartment listed for $950 a month, to a 900-square-foot, one-bedroom apartment for $1,850.