This sold listing is another great benchmark located right in the same community. Because this home is nearly 800 square feet smaller than 1208 Red Cedar Court, we expect it to have a higher cost per square foot. When we adjust for that size difference, the pricing for the home for sale actually aligns very closely with what this property sold for earlier this year.

Comparing 1208 Red Cedar Court to its neighbor just down the street provides a very clear picture of the current market in Cedar Knolls. While both are brand-new, high-end homes, this sold listing was built by a multi-Gold Parade award winner and sold for significantly less per square foot. Even when we account for the fact that 1208 Red Cedar Court is slightly larger, the price premium being asked for the home for sale is quite steep for the same cul-de-sac.

This property on Silverleaf Drive represents a completely different lifestyle choice compared to 1208 Red Cedar Court. While this home offers a similar amount of land and a great layout, the interior features like the honey oak cabinetry and older tile work show its age. 1208 Red Cedar Court offers the modern, open-concept luxury and high-end spa finishes that today’s buyers crave, which naturally commands a much higher price point.