Is Rahway, NJ 07065 a buyer’s or seller’s market?

The Rahway housing market right now

In the three months ending August 31, 2026, 61% of homes in Rahway, NJ 07065 sold above their list price, the typical home went under contract in 32 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 72 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (61% then), homes sold about as fast and the median sale price rose 7% to $562,257. Overall, Rahway is about as competitive as it was a year ago.

Within Union County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in 88%. On our competition score, Rahway ranks #161 of 444 NJ ZIP codes with enough sales (score 84 out of 100).

Nearby, buyers who want less competition could look at Elizabethport 07206 (58% sold over asking) or Linden 07036 (59% sold over asking), while New Providence 07974 (91% sold over asking) and Berkeley Heights 07922 (85% sold over asking) are even more competitive.