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Featured local agent — Rahway, NJ
Sarah Mitchell
Compass Real Estate · Rahway, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Rahway, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$545,000median sale price
How is the Rahway, NJ housing market right now?
The median home sale price in Rahway, NJ is $545,000, up 3.8% year-over-year. Homes sell in an average of 53 days with 56 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Rahway a buyer's or seller's market?
Rahway, NJ is currently a balanced market, based on 3.5 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
53
Average pace
Active listings
56
3.5 months supply
Sale-to-list
102.8%
Above asking
What does the Rahway housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $545,000 |
| Median list price | $529,000 |
| Year-over-year price change | +3.8% |
| Average days on market | 53 days |
| Active inventory | 56 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 102.8% |
| Median price per sq ft | $379/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 29 |
| Listings with a price cut | 5.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Rahway by property type?
How the Rahway, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $510,000 | $392/sq ft | 13 | 51 days |
| Condo / Co-op | $457,500 | $376/sq ft | 1 | 40 days |
| Townhouse | $460,000 | $311/sq ft | 1 | 109 days |
Source: Redfin · Updated monthly
The Rahway housing market is currently classified as a balanced market with a median sale price of $545,000. Prices have risen 3.8% compared to last year, with homes spending an average of 53 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.0x provides context for how home values compare to local earning capacity.
Homes for sale in Rahway
There are currently 56 homes listed for sale in Rahway, New Jersey. The median listing price is $529K.
Active listings
56
Homes on market
Median list price
$529K
Avg. days on market
53
Days until sale
New this week
29
Newly listed
Who lives in Rahway?
Population
29,748
Median income
$90,852/yr
Median age
39 years
Owner-occupied
53.4%
College grads
35.6%
Avg commute
32.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Rahway?
Zillow home value
$547,382
Zillow rent index
$2,506/mo
Price-to-rent ratio
18.2x
Price-to-income
6.0x
Source: Zillow Research
What is it like to live in Rahway?
Rahway is a community of approximately 30K residents with a median age of 39 years.The median household income is $90,852, which reflects a relatively affluent area with strong earning potential. 35.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 53.4%, showing a blend of owner and renter-occupied properties. The average commute time is 32.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Rahway offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Rahway?
6 schools tracked · 4,057 students
The largest public schools serving Rahway, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Rahway High School
Grades 9-12 · 1,270 students
Rahway 7th & 8th Grade Academy
Grades 7-8 · 714 students
Franklin Elementary School
Grades PK-6 · 636 students
Roosevelt Elementary School
Grades PK-6 · 581 students
Grover Cleveland Elementary School
Grades PK-6 · 470 students
Madison Elementary School
Grades PK-6 · 386 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Rahway, NJ?
Want a head-to-head view? Compare Rahway side-by-side with any other U.S. city using our market-comparison tool.
Is Rahway a good real estate investment market?
For investors evaluating Rahway, the price-to-rent ratio of 18.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 3.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Rahway's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Rahway's median home price.
Frequently asked questions
What is the average home price in Rahway?
The median home sale price in Rahway is $545,000, up 3.8% from last year.
How long do homes stay on market in Rahway?
Homes typically spend 53 days on market before going under contract.
What is the median income in Rahway?
The median household income is $90,852 per year.
Is Rahway a buyer's or seller's market?
With 3.5 months of supply, Rahway is currently a balanced market.
What is the Zillow home value estimate for Rahway?
The Zillow Home Value Index (ZHVI) for Rahway is $547,382, representing the typical home value in the area.
What is the median condo price in Rahway?
The median condo/co-op sale price in Rahway, NJ is $457,500, compared to $510,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Rahway?
The median single-family home price in Rahway, NJ is $510,000 (about $392 per square foot).
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