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Carteret, New Jersey, is a diverse and close-knit community known for its cultural events and redevelopment projects. The borough hosts annual events like the Charity Christmas Festival and Ethnic Day, celebrating its multicultural heritage with carnival rides and food vendors. Residents enjoy a sense of safety, supported by local fire and police departments, many of whom grew up in the area. The housing market features multi-generational homes, with many residents purchasing and renovating properties they grew up in. The ongoing Carteret Waterfront redevelopment project promises new attractions, including a film and television studio, retail spaces, and a hotel with a rooftop pool. Residents currently benefit from new boat slips and ferry services to Manhattan. The Carteret Performing Arts Center, a 1,600-seat theater, offers a variety of performances, enhancing local entertainment options. The borough boasts 11 parks, including Carteret Park, with athletic fields and courts for popular sports like baseball and soccer. The new Carteret Junior High, opened in 2022, marks a significant educational development. Students also have the option to apply to specialized programs at Middlesex County Magnet Schools. Dining options range from the Bus Stop Diner to Tommy's Hot Dogs and Santini Seafood and Steakhouse. Recent improvements to Exit 12 on the NJ Turnpike have enhanced traffic flow, reducing the impact of industrial traffic on residential streets.
On average, homes in Carteret, NJ sell after 37 days on the market compared to the national average of 53 days. The median sale price for homes in Carteret, NJ over the last 12 months is $518,700, up 8% from the median home sale price over the previous 12 months.