Market Research Report: 26 Inwood Drive, Manalapan, NJ 07726

Background

26 Inwood Drive is a residential condominium property located in the Meadow Creek community of Manalapan, New Jersey. This 3-bedroom, 2.5-bathroom "Purdue" model home offers 1,929 square feet of living space and features a full finished basement. The property is situated on a private line, providing scenic views of an illuminated fountain and pond from the backyard. Interior highlights include Brazilian hardwood floors, an upgraded kitchen with granite countertops and stainless steel appliances, and a two-story family room with oversized windows. Community amenities encompass tennis and basketball courts, a swimming pool, fitness centers, playgrounds, and a walking trail.

Financials and Funding

The property was listed for sale at $689,000 in May 2025 and sold for $695,000 on June 26, 2025, reflecting a 0.9% increase from the listing price. The sale price equates to approximately $360 per square foot. The property has an annual tax assessment of $10,255 and monthly HOA fees of $338.

Market Insights and Dynamics

Inwood, NY, the neighborhood encompassing 26 Inwood Drive, has experienced a median home sale price of $820,000 as of October 2025, marking a 9.76% increase year-over-year. The median price per square foot is $482, with properties averaging 86 days on the market. The market has seen a 111.76% decrease in active listings year-over-year, indicating a tightening inventory.

Competitor Analysis

In the Inwood area, properties similar to 26 Inwood Drive include:

24 Inwood Drive Unit A: 2-bedroom, 1-bathroom condominium, listed at $235,500.

28 Inwood Drive: 3-bedroom, 2.5-bathroom townhouse, listed at $696,300.

22 Inwood Drive Unit B: 2-bedroom, 1-bathroom condominium, listed at $237,900.

These properties offer varying sizes and configurations, catering to different buyer preferences within the community.

Strategic Collaborations and Partnerships

The Meadow Creek community, where 26 Inwood Drive is located, offers a range of amenities that enhance the property's appeal, including recreational facilities and community events. These features contribute to a strong community atmosphere, attracting potential buyers seeking an active lifestyle.

Operational Insights

The sale of 26 Inwood Drive at $695,000 reflects the property's competitive positioning within the Inwood market. The property's features, combined with the community amenities, provide a compelling value proposition for prospective buyers.

Strategic Opportunities and Future Directions

Given the tightening inventory in the Inwood market, properties like 26 Inwood Drive are well-positioned to attract buyers seeking quality homes in desirable communities. Future developments in the area, such as infrastructure improvements or community enhancements, could further increase property values and demand.