ANNUAL MARKET REPORT 2023
About the Data • • • • •
This study includes all residential home sales in the towns indicated as reported by Garden State Multiple Service LLC (GSMLS), including condominiums and townhomes. It does not include land sales, commercial sales or rentals. Year to Date “Overview” sales data is asr eportedto GSMLS on 1/9/24. When considering Supply and Demand, it is generally accepted that a supply of six months represents a balanced market. Below six months tends to be a seller’s market, with prices rising, and above six months generally indicates a buyer’s market with downward pressure on pricing. Average Sales per month is calculated on the number of sales for the current year to date. The relatively tiny amount of transaction data in some categories can lead to wild swings that do not necessarily point to a trend in one direction or another.
COMMENTARY As was the case throughout much of the country in 2023, north central New Jersey residential real estate markets experienced another year of challenges and opportunities. While home sales improved in a few of the 39 towns we study, unit sales in the region declined 21% on average. This was the second consecutive year of declines for many places and is due, undoubtedly, to everdwindling inventory levels. By way of example, standing inventory in our region for the month of December was 27% lower than December 2022, and a staggering 76% lower than pre-pandemic levels in 2019. With demand high in our desirable region, the result has been a robust increase in home values. The median home price in our region increased 8.7% year over year, and stands 31% higher than 2019. According to a new Zillow Report, 21% of surveyed homeowners are considering selling, despite higher rates and home values, a number that is up from 15% one year ago. The steep rise in interest rates that began two years ago sidelined many would-be sellers, who were reluctant to trade in their record-low mortgages. Pent-up inventory and moderating rates should cause a welcome influx of new homes for sale in the coming months, which would also help balance supply and demand in the year ahead. If you are considering buying or selling a home, whether locally or far afield, I invite you to call upon one of our knowledgeable sales associates. They would be pleased to explain exactly what is happening in your neighborhood and can also make introductions to the market-leading brokers worldwide with whom we are proudly affiliated.
John Turpin, President
www.TurpinRealtors.com/Reports © 2024 Turpin Realtors
Source: GSMLS and TrendGraphix
CONTENTS
REGIONAL RESULTS | DECEMBER 2023
Aggregated results for all of Hunterdon, Morris and Somerset counties, plus the following towns in Essex and Union counties: Berkeley Heights, Essex Fells, Livingston, Maplewood, Millburn, Montclair, Mountainside, New Providence, Scotch Plains, Summit, South Orange, West Orange and Westfield.
ANNUAL MARKET REPORT 2023
Bedminster Berkeley Heights Bernards Township Bernardsville Boonton Town Boonton Township Bridgewater Township Califon Chatham Borough Chatham Township Chester Borough Chester Township Clinton Town
Clinton Township Far Hills Florham Park Harding Township Lebanon Borough Lebanon Township Long Hill Township Madison Maplewood Mendham Borough Mendham Township Millburn Morris Plains
Cover image: 45 & 47 Abby Rd Pendry Natirar, Peapack-Gladstone
Morris Township Morristown Mountain Lakes New Providence Peapack-Gladstone Randolph Township Readington Township Summit Tewksbury Township Warren Washington Township Watchung Westfield
REGIONAL RESULTS | DECEMBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices
NEW LISTINGS - MONTH OF DECEMBER Last 5 Years
2023
478
2022
547
683
2021
2020
935
2019
813
0
250
500
750
1000
HOMES FOR SALE - MONTH OF DECEMBER Last 5 Years
2023
947
2022
1,301
1,142
2021
2020
2,312
2019
3,914
0
1000
2000
3000
4000
This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Berkeley Heights Twp, Mountainside BOROUGH, New Providence BOROUGH, Scotch Plains Twp Union County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
REGIONAL RESULTS | DECEMBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices CONTRACTS PENDED (UNITS) - MONTH OF DECEMBER Last 5 Years 2023
644
2022
684
1,002
2021
2020
1,217
2019
886
0
250
500
750
1000
1250
MEDIAN LIST PRICE, HOMES PENDED - MONTH OF DECEMBER Last 5 Years 2023
$664,000
2022
$610,900
$567,600
2021
2020
$541,400
2019
$507,800
0
200000
400000
600000
MONTHS SUPPLY, HOMES PENDED - MONTH OF DECEMBER Last 5 Years Months 2023
1.50
2022
1.90
1.10
2021
1.90
2020
4.40
2019 0
© 2024 Turpin Realtors
1
2
3
Subject to Errors and Omissions
4
5
* This report is inclusive of results from select municipalities in Essex and Union counties as detailed on the following page.
Source: GSMLS 1/8/24 & Trendgraphix
REGIONAL RESULTS | DECEMBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - Activity by Price
ALL PRICES Dec. 2023
Dec. 2022
% Change
Homes For Sale
947
1301
-27%
New Listings
478
547
-13%
Contracts Pended
644
684
-6%
Homes Sold
894
1064
-16%
Days on Market
30
34
-12%
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
Dec. 2023
Dec. 2022
% Change
Dec. 2023
Dec. 2022
% Change
Homes For Sale
654
940
-30%
Homes For Sale
179
257
-30%
New Listings
412
475
-13%
New Listings
44
59
-25%
Contracts Pended
564
606
-7%
Contracts Pended
63
65
-3%
Homes Sold
723
921
-21%
Homes Sold
137
121
13%
Days on Market
28
33
-15%
Days on Market
35
39
-10%
Dec. 2023
Dec. 2022
% Change
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
Dec. 2023
Dec. 2022
% Change
Homes For Sale
48
56
-14%
Homes For Sale
66
48
38%
New Listings
11
8
38%
New Listings
11
5
120%
Contracts Pended
9
11
-18%
Contracts Pended
8
2
300%
Homes Sold
22
15
47%
Homes Sold
12
7
71%
Days on Market
36
42
-14%
Days on Market
97
87
11%
This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village, West Orange Twp Union County: Berkeley Heights Twp, Mountainside BOROUGH, New Providence BOROUGH, Scotch Plains Twp, Summit City, Westfield Twp
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/24 & Trendgraphix
BEDMINSTER ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
29
39
-25.6%
131
177
-26%
$17,753,988
$16,930,000
4.9%
$77,190,200
$128,043,908
-39.7%
MEDIAN SALE PRICE
$481,000
$380,000
26.6%
$481,000
$421,000
14.3%
AVERAGE SALE PRICE
$612,206
$434,102
41%
$589,238
$723,412
-18.5%
AVERAGE DAYS ON MARKET
18
30
-40%
26
38
-30.6%
% SALES PRICE TO LIST PRICE
105.1%
99.1%
6%
101.6%
99.2%
2.4%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
119
158
ç
9
9
NC
2
5
ç
1
5
YTD
YTD
YTD
24.7%
YTD
YTD
YTD
% CHANGE
ç
2023
60%
80%
$2,000,000-$2,999,999
$3,000,000 AND UP
0%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
9.92
0.40
INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.75
2.67
2
0.17
MONTH’S SUPPLY
12.00
INVENTORY
AVG SALES PER MONTH
2
0.08
MONTH’S SUPPLY
24.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
BERKELEY HEIGHTS ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
31
39
-20.5%
136
181
-24.9%
$24,315,236
$27,956,888
-13%
$108,003,392
$134,354,192
-19.6%
MEDIAN SALE PRICE
$730,000
$690,000
5.8%
$750,000
$701,000
7%
AVERAGE SALE PRICE
$784,362
$716,843
9.4%
$794,142
$742,288
7%
AVERAGE DAYS ON MARKET
35
28
25%
29
27
6.6%
% SALES PRICE TO LIST PRICE
103.2%
101.2%
2%
104.2%
103.7%
0.5%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
108
155
ç
28
26
ç
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
7.7%
30.3%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
9.00
0.56
INVENTORY
3
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2.33
1.29
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
BERNARDS TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
67
82
-18.3%
327
421
-22.3%
$57,535,100
$56,531,476
1.8%
$292,447,688
$335,212,736
-12.8%
MEDIAN SALE PRICE
$670,000
$564,500
18.7%
$775,000
$736,500
5.2%
AVERAGE SALE PRICE
$858,732
$689,408
24.6%
$894,335
$796,230
12.3%
AVERAGE DAYS ON MARKET
24
26
-7.7%
25
25
0%
% SALES PRICE TO LIST PRICE
105%
100.3%
4.7%
103%
102.6%
0.4%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
223
317
ç
96
97
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
7
7
NC
1
0
YTD
ç
29.7%
$3,000,000 AND UP
ç
$0-$999,999
1%
YTD
0%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
18.58
0.22
INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
8.00
0.63
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.58
0.00
3
0.08
0
MONTH’S SUPPLY
36.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
BERNARDSVILLE ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
17
21
-19%
95
122
-22.1%
$13,012,500
$24,194,000
-46.2%
$103,742,048
$132,343,250
-21.6%
MEDIAN SALE PRICE
$765,000
$1,039,000
-26.4%
$795,000
$820,000
-3%
AVERAGE SALE PRICE
$765,441
$1,152,095
-33.6%
$1,092,022
$1,084,781
0.7%
AVERAGE DAYS ON MARKET
29
44
-34.1%
44
43
0.7%
% SALES PRICE TO LIST PRICE
101.4%
96.4%
5.2%
96.5%
99.6%
-3.1%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
YTD
% CHANGE
2023
2022
65
74
ç
22
34
YTD
% CHANGE
YTD
2022
YTD
% CHANGE
2023
2022
5
10
3
4
YTD
ç
12.2%
2023
YTD
YTD
% CHANGE
ç
2022
YTD
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
50%
25%
$2,000,000-$2,999,999
$3,000,000 AND UP
35.3%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
5.42
0.37
INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
1.83
2.73
4
0.42
9.60
5
0.25
MONTH’S SUPPLY
20.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
BOONTON TOWN ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
18
16
12.5%
69
69
0%
$10,561,700
$7,677,000
37.6%
$40,301,352
$35,126,512
14.7%
MEDIAN SALE PRICE
$567,000
$462,500
22.6%
$565,000
$485,000
16.5%
AVERAGE SALE PRICE
$586,761
$479,812
22.3%
$584,077
$509,080
14.7%
AVERAGE DAYS ON MARKET
27
40
-32.5%
30
26
16%
% SALES PRICE TO LIST PRICE
104.6%
99.2%
5.5%
104.9%
105.7%
-0.8%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
69
69
NC
0
0
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
0
0
NC
YTD
NC
$3,000,000 AND UP 2023
2022
YTD
% CHANGE
0
0
NC
YTD
0%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
5.75
0.70
INVENTORY
0
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.00
N/A
0
0.00
MONTH’S SUPPLY
N/A
$3,000,000 AND UP INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
BOONTON TWP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
6
9
-33.3%
38
66
-42.4%
$4,823,000
$7,167,000
-32.7%
$29,641,600
$51,165,580
-42.1%
MEDIAN SALE PRICE
$687,500
$765,000
-10.1%
$657,500
$692,500
-5.1%
AVERAGE SALE PRICE
$803,833
$796,333
0.9%
$780,042
$775,236
0.6%
AVERAGE DAYS ON MARKET
25
32
-21.9%
43
33
27.6%
% SALES PRICE TO LIST PRICE
101.8%
98.3%
3.6%
100.2%
100.4%
-0.2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2022
YTD
% CHANGE
2023
2022
29
53
ç
9
11
YTD
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
2
0
0
NC
YTD
ç
45.3%
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
YTD
100%
18.2%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
2.42
1.24
INVENTORY
2
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.75
2.67
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
BRIDGEWATER TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
86
122
-29.5%
394
529
-25.5%
$56,384,976
$75,176,304
-25%
$256,975,008
$311,739,360
-17.6%
MEDIAN SALE PRICE
$622,500
$568,000
9.6%
$615,000
$550,000
11.8%
AVERAGE SALE PRICE
$655,639
$616,199
6.4%
$652,221
$589,299
10.7%
AVERAGE DAYS ON MARKET
24
30
-20%
29
27
5.1%
% SALES PRICE TO LIST PRICE
104%
101.2%
2.8%
103.2%
102.9%
0.3%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
366
500
ç
28
29
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
ç
26.8%
$3,000,000 AND UP YTD
3.4%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
25
30.50
0.82
INVENTORY
6
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2.33
2.57
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
CALIFON ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
3
5
-40%
6
17
-64.7%
TOTAL DOLLAR VOLUME
$1,345,000
$2,091,000
-35.7%
$2,747,500
$7,538,100
-63.6%
MEDIAN SALE PRICE
$480,000
$450,000
6.7%
$467,500
$457,500
2.2%
AVERAGE SALE PRICE
$448,333
$418,200
7.2%
$457,916
$443,417
3.3%
AVERAGE DAYS ON MARKET
42
51
-17.6%
53
51
3.9%
% SALES PRICE TO LIST PRICE
100.2%
96.5%
3.8%
99.8%
100.5%
-0.7%
HOMES SOLD
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
6
17
ç
0
0
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
NC
$3,000,000 AND UP YTD
64.7%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.50
4.00
0
0.00
N/A
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
CHATHAM BOROUGH ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
27
13
107.7%
96
107
-10.3%
$31,486,476
$12,088,600
160.5%
$111,946,488
$111,778,623
0.2%
MEDIAN SALE PRICE
$999,000
$860,000
16.2%
$975,000
$900,000
8.3%
AVERAGE SALE PRICE
$1,166,165
$929,892
25.4%
$1,166,109
$1,044,660
11.6%
AVERAGE DAYS ON MARKET
14
24
-41.7%
21
30
-30.4%
% SALES PRICE TO LIST PRICE
106.5%
102.6%
3.8%
105.8%
106.1%
-0.2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
52
66
ç
36
38
ç
8
3
ç
0
0
NC
YTD
YTD
YTD
YTD
166.7%
5.3%
21.2%
YTD
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
4.33
0.23
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
3.00
0.33
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.67
1.50
0
0.00
N/A
1
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
CHATHAM TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
27
36
-25%
166
187
-11.2%
$30,349,268
$36,476,184
-16.8%
$238,080,400
$229,679,496
3.7%
MEDIAN SALE PRICE
$800,000
$760,000
5.3%
$1,400,000
$1,100,000
27.3%
AVERAGE SALE PRICE
$1,124,047
$1,013,227
10.9%
$1,434,219
$1,228,233
16.8%
AVERAGE DAYS ON MARKET
27
47
-42.6%
29
33
-13%
% SALES PRICE TO LIST PRICE
103.4%
99.1%
4.3%
102%
102.6%
-0.6%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
64
88
ç
62
73
ç
33
22
ç
7
4
YTD
YTD
YTD
YTD
YTD
% CHANGE
ç
27.3%
YTD
50%
75%
$2,000,000-$2,999,999
$3,000,000 AND UP
15.1%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
5.33
0.38
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
5.17
0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
2.75
0.36
3
1
AVG SALES PER MONTH
0.58
MONTH’S SUPPLY
5.14
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
CHESTER BOROUGH ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
3
3
0%
13
25
-48%
$2,445,000
$1,583,000
54.5%
$10,372,000
$17,172,000
-39.6%
MEDIAN SALE PRICE
$710,000
$520,000
36.5%
$710,000
$630,000
12.7%
AVERAGE SALE PRICE
$815,000
$527,666
54.5%
$797,846
$686,880
16.2%
AVERAGE DAYS ON MARKET
76
51
49%
28
22
27.3%
% SALES PRICE TO LIST PRICE
102.9%
102.5%
0.4%
104.1%
103.1%
1%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
11
24
ç
2
1
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
ç 100%
54.2%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.92
0.00
INVENTORY
0
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.17
0.00
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
CHESTER TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
30
21
42.9%
103
112
-8%
$31,040,212
$17,869,000
73.7%
$103,625,592
$101,660,736
1.9%
MEDIAN SALE PRICE
$927,500
$830,000
11.7%
$930,000
$937,000
-0.7%
AVERAGE SALE PRICE
$1,034,673
$850,904
21.6%
$1,006,074
$907,685
10.8%
AVERAGE DAYS ON MARKET
40
47
-14.9%
38
29
29.6%
% SALES PRICE TO LIST PRICE
100.5%
98.6%
2%
101.2%
102.1%
-0.9%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
63
71
ç
38
41
ç
1
0
ç
YTD
YTD
YTD
YTD
2023
2022
YTD
% CHANGE
1
0
ç
2023
$3,000,000 AND UP YTD
7.3%
11.3%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
5.25
0.57
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
3.17
0.32
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.08
24.00
3
0.08
2
MONTH’S SUPPLY
36.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
CLINTON TOWN ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
12
11
9.1%
47
36
30.6%
$5,506,500
$4,579,775
20.24%
$23,650,972
$16,068,775
47.2%
MEDIAN SALE PRICE
$473,750
$389,000
21.8%
$481,000
$428,000
12.4%
AVERAGE SALE PRICE
$458,875
$416,343
10.2%
$503,212
$446,355
12.7%
AVERAGE DAYS ON MARKET
30
26
15.4%
32
26
21%
% SALES PRICE TO LIST PRICE
101.6%
101.8%
-0.3%
103.8%
102.8%
0.9%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
47
36
ç
0
0
NC
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
30.6%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
3.92
1.53
INVENTORY
0
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
CLINTON TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
36
38
-5.3%
141
171
-17.5%
$20,012,100
$18,521,000
8.1%
$80,251,376
$91,923,032
-12.7%
MEDIAN SALE PRICE
$557,500
$495,000
12.6%
$527,000
$525,000
0.4%
AVERAGE SALE PRICE
$555,891
$487,394
14.1%
$569,159
$537,562
5.9%
AVERAGE DAYS ON MARKET
21
30
-30%
31
28
8.4%
% SALES PRICE TO LIST PRICE
101.2%
99.5%
1.7%
103.1%
102.8%
0.3%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2023
2022
YTD
% CHANGE
2023
2022
136
167
ç
5
4
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
ç
18.6%
$3,000,000 AND UP YTD
25%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11.33
0.71
2
0.42
4.80
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
FAR HILLS ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
4
1
300%
12
11
9.1%
$10,730,000
$2,850,000
276.5%
$20,991,500
$22,045,000
-4.8%
MEDIAN SALE PRICE
$2,110,000
$2,850,000
-26%
$1,017,500
$875,000
16.3%
AVERAGE SALE PRICE
$2,682,500
$2,850,000
-5.9%
$1,749,291
$2,004,090
-12.7%
AVERAGE DAYS ON MARKET
83
85
-2.4%
62
78
-20.5%
% SALES PRICE TO LIST PRICE
92.4%
95.2%
-2.9%
96.1%
93.7%
2.6%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
% CHANGE
2023
2022
6
6
NC
2
1
YTD
YTD
% CHANGE
YTD
2022
YTD
% CHANGE
2023
2022
2
1
2
3
YTD
ç
0%
2023
YTD
YTD
% CHANGE
ç
2022
YTD
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
100%
33.3%
$2,000,000-$2,999,999
$3,000,000 AND UP
100%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.50
2.00
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.17
0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.17
0.00
1
0.17
6.00
0
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
FLORHAM PARK ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
21
28
-25%
112
129
-13.2%
$16,566,300
$26,404,084
-37.3%
$102,659,212
$117,399,960
-12.6%
MEDIAN SALE PRICE
$759,000
$822,500
-7.7%
$863,500
$800,000
7.9%
AVERAGE SALE PRICE
$788,871
$943,003
-16.3%
$916,600
$910,077
0.7%
AVERAGE DAYS ON MARKET
37
43
-14%
40
35
14.8%
% SALES PRICE TO LIST PRICE
105.5%
98.8%
6.8%
104.2%
101.5%
2.6%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999 2022
YTD
% CHANGE
2023
2022
83
93
ç
23
33
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
6
3
0
0
NC
YTD
ç 30.3%
10.8%
$3,000,000 AND UP
ç
2023
YTD
$2,000,000-$2,999,999
$1,000,000-$1,999,999
YTD
100%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
6.92
0.72
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
1.92
0.52
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.50
2.00
0
0.00
N/A
1
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
HARDING TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
15
8
87.5%
48
59
-18.6%
TOTAL DOLLAR VOLUME
$23,070,500
$16,023,000
44%
$71,561,800
$105,226,352
-32%
MEDIAN SALE PRICE
$1,500,000
$1,902,250
-21.1%
$1,340,000
$1,475,000
-9.2%
AVERAGE SALE PRICE
$1,538,033
$2,002,875
-23.2%
$1,490,871
$1,783,497
-16.4%
AVERAGE DAYS ON MARKET
37
76
-51.3%
46
78
-41.4%
% SALES PRICE TO LIST PRICE
101%
95.8%
5.4%
100.3%
95.9%
4.5%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
2023
2022
16
16
NC
22
24
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
6
10
4
9
YTD
ç 8.3%
0%
YTD
YTD
% CHANGE
ç
2022
YTD
ç
2023
$3,000,000 AND UP
$2,000,000-$2,999,999
55.6%
40%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
0.00
INVENTORY
1
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
1.83
0.55
3
0.50
6.00
8
0.33
MONTH’S SUPPLY
24.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
LEBANON BOROUGH ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
4
2
100%
23
42
-45.2%
TOTAL DOLLAR VOLUME
$1,480,000
$930,000
59.1%
$7,654,500
$13,439,416
-43%
MEDIAN SALE PRICE
$360,000
$465,000
-22.6%
$334,000
$288,750
15.7%
AVERAGE SALE PRICE
$370,000
$465,000
-20.4%
$332,804
$319,986
4%
AVERAGE DAYS ON MARKET
11
17
-35.3%
15
19
-21.1%
% SALES PRICE TO LIST PRICE
103.9%
99.6%
4.3%
105.2%
102.9%
2.3%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
23
42
ç
0
0
NC
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
45.2%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
1.92
0.00
INVENTORY
0
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
LEBANON TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
15
19
-21.1%
62
78
-20.5%
TOTAL DOLLAR VOLUME
$7,034,222
$10,278,400
-31.6%
$31,773,306
$39,333,252
-19.2%
MEDIAN SALE PRICE
$405,000
$560,000
-27.7%
$485,000
$502,500
-3.5%
AVERAGE SALE PRICE
$468,948
$540,968
-13.3%
$512,472
$504,272
1.6%
AVERAGE DAYS ON MARKET
42
42
0%
46
38
21.1%
% SALES PRICE TO LIST PRICE
100.1%
99.6%
0.5%
100.4%
101.5%
-1.1%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
59
78
ç
3
0
ç
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
24.4%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
4.92
1.42
INVENTORY
1
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.25
4.00
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
LONG HILL TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
11
25
-56%
84
111
-24.3%
$6,405,500
$13,679,800
-53.2%
$58,812,544
$72,474,312
-18.9%
MEDIAN SALE PRICE
$595,000
$557,000
6.8%
$661,250
$615,000
7.5%
AVERAGE SALE PRICE
$582,318
$547,192
6.4%
$700,149
$652,922
7.2%
AVERAGE DAYS ON MARKET
34
48
-29.2%
28
31
-9.7%
% SALES PRICE TO LIST PRICE
103.9%
101%
2.9%
103.2%
102.9%
0.4%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
74
105
ç
10
6
ç
0
0
NC
0
0
NC
YTD
YTD
YTD
29.5%
YTD
YTD
66.7%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
6.17
0.97
INVENTORY
0
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.83
0.00
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
MADISON ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
28
34
-17.6%
152
166
-8.4%
$31,094,800
$33,675,248
-7.7%
$170,961,300
$185,660,412
-7.9%
MEDIAN SALE PRICE
$906,000
$819,250
10.6%
$902,500
$886,000
1.9%
AVERAGE SALE PRICE
$1,110,528
$990,448
12.1%
$1,124,745
$1,118,436
0.6%
AVERAGE DAYS ON MARKET
18
29
-37.9%
21
22
-3.4%
% SALES PRICE TO LIST PRICE
104.1%
101.6%
2.5%
103.8%
103.6%
0.1%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
2023
2022
89
97
ç
43
53
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
17
14
3
2
YTD
YTD
% CHANGE
ç
21.4%
50%
$2,000,000-$2,999,999
$3,000,000 AND UP
18.9%
8.2%
YTD
ç
2022
YTD
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
7.42
0.27
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
3.58
0.84
0
5.67
MONTH’S SUPPLY
0.00
INVENTORY
AVG SALES PER MONTH
0
0.25
MONTH’S SUPPLY
0.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
MAPLEWOOD ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
49
59
-16.9%
237
274
-13.5%
$40,731,404
$46,762,100
-12.9%
$196,460,500
$238,287,772
-17.6%
MEDIAN SALE PRICE
$636,000
$715,000
-11%
$777,000
$825,000
-5.8%
AVERAGE SALE PRICE
$831,253
$792,577
4.9%
$828,948
$869,663
-4.7%
AVERAGE DAYS ON MARKET
22
23
-4.3%
23
20
13.6%
% SALES PRICE TO LIST PRICE
104.5%
106.1%
-1.5%
109.8%
112.7%
-2.6%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
174
184
ç
60
89
ç
3
1
ç
0
0
NC
YTD
YTD
YTD
YTD
32.6%
5.4%
YTD
200%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
11
AVG SALES PER MONTH
MONTH’S SUPPLY
14.50
0.76
INVENTORY
0
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5.00
0.00
0
0.25
0.00
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
MENDHAM BOROUGH ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
14
14
0%
62
77
-19.5%
$18,776,150
$16,892,000
11.2%
$58,220,052
$68,799,496
-15.4%
MEDIAN SALE PRICE
$955,000
$845,000
13%
$732,250
$780,000
-6.1%
AVERAGE SALE PRICE
$1,341,153
$1,206,571
11.2%
$939,033
$893,500
5.1%
AVERAGE DAYS ON MARKET
74
50
48%
47
38
24%
% SALES PRICE TO LIST PRICE
92.7%
97.6%
-5%
98.7%
99.1%
-0.4%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $2,000,000-$2,999,999
$1,000,000-$1,999,999
$0-$999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
48
57
ç
10
18
ç
3
1
ç
1
1
NC
YTD
YTD
YTD
15.8%
YTD
44.4%
YTD
200%
0%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
4.00
0.75
INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.83
2.40
3
0.25
12.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.08
12.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
MENDHAM TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
19
15
26.7%
75
83
-9.6%
TOTAL DOLLAR VOLUME
$29,558,992
$17,122,500
72.6%
$100,530,360
$98,291,904
2.3%
MEDIAN SALE PRICE
$1,350,000
$1,265,000
6.7%
$1,270,000
$1,110,000
14.4%
AVERAGE SALE PRICE
$1,555,736
$1,141,500
36.3%
$1,340,404
$1,184,240
13.2%
AVERAGE DAYS ON MARKET
33
40
-17.5%
39
34
13.3%
% SALES PRICE TO LIST PRICE
98.1%
96.8%
1.3%
98.6%
99.9%
-1.3%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
26
38
ç
41
39
ç
5
4
ç
3
2
YTD
YTD
YTD
YTD
5.1%
31.6%
YTD
YTD
% CHANGE
ç
2023
25%
50%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
2.17
0.46
INVENTORY
14
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3.42
4.10
0
0.42
0.00
2
0.25
8.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
MILLBURN ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
50
45
11.1%
229
327
-30%
TOTAL DOLLAR VOLUME
$98,621,496
$66,548,400
48.2%
$434,321,640
$550,666,512
-21.1%
MEDIAN SALE PRICE
$1,777,500
$1,386,000
28.2%
$1,750,000
$1,498,000
16.8%
AVERAGE SALE PRICE
$1,972,429
$1,478,853
33.4%
$1,896,601
$1,683,995
12.6%
AVERAGE DAYS ON MARKET
27
33
-18.2%
22
25
-12%
% SALES PRICE TO LIST PRICE
103%
102.1%
0.8%
105.5%
103.9%
1.5%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
2023
2022
36
77
ç
103
154
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
64
68
26
28
YTD
ç 33.1%
53.2%
YTD
YTD
% CHANGE
ç
2022
YTD
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
5.9%
7.1%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
3.00
0.33
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8.58
0.12
3
5.33
0.56
9
2.17
4.15
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
MORRIS PLAINS ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
26
30
-13.3%
124
107
15.9%
$19,005,372
$19,690,170
-3.5%
$86,282,024
$68,665,072
25.7%
MEDIAN SALE PRICE
$734,995
$657,495
11.8%
$703,500
$654,640
7.5%
AVERAGE SALE PRICE
$730,975
$656,339
11.4%
$695,822
$641,730
8.4%
AVERAGE DAYS ON MARKET
22
28
-21.4%
22
22
0%
% SALES PRICE TO LIST PRICE
102.5%
99.8%
2.8%
101.3%
102.6%
-1.3%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2023
2022
YTD
% CHANGE
2023
2022
120
106
ç
4
1
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
ç 300%
13.2%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
10.00
0.70
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.33
3.00
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
0
0.00
N/A
0
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
MORRIS TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
53
71
-25.4%
255
356
-28.4%
$40,765,296
$56,809,400
-28.2%
$208,522,552
$279,650,696
-25.4%
MEDIAN SALE PRICE
$711,000
$742,000
-4.2%
$765,000
$735,000
4.1%
AVERAGE SALE PRICE
$769,156
$800,132
-3.9%
$817,735
$785,536
4.1%
AVERAGE DAYS ON MARKET
28
29
-3.4%
24
26
-6%
% SALES PRICE TO LIST PRICE
104.5%
100.1%
4.4%
103.7%
103.9%
-0.2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
212
306
ç
41
47
ç
2
1
ç
0
2
YTD
YTD
YTD
30.7%
YTD
12.8%
YTD
YTD
% CHANGE
ç
2023
100%
100%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
17.67
0.45
INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
3.42
0.59
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.17
0.00
0
0.00
N/A
0
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
MORRISTOWN ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
32
25
28%
122
164
-25.6%
$22,957,824
$13,608,124
68.7%
$80,054,096
$98,192,648
-18.5%
MEDIAN SALE PRICE
$642,500
$535,000
20.1%
$608,750
$525,000
16%
AVERAGE SALE PRICE
$717,432
$544,324
31.8%
$656,181
$598,736
9.6%
AVERAGE DAYS ON MARKET
35
33
6.1%
35
31
11.2%
% SALES PRICE TO LIST PRICE
101.8%
99%
2.9%
102.5%
100.8%
1.7%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$3,000,000 AND UP
$2,000,000-$2,999,999
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
106
149
ç
16
15
ç
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
6.7%
28.9%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
8.83
0.34
INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
1.50
$2,000,000-$2,999,999 INVENTORY
0
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
1
0.00
∞
10 Year Market History
© 2024 Turpin Realtors
Source: GSMLS 1/9/24 & Trendgraphix
MOUNTAIN LAKES ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
16
14
14.3%
60
76
-21.1%
$16,306,112
$13,591,000
20%
$64,294,012
$78,942,024
-18.6%
MEDIAN SALE PRICE
$972,500
$950,500
2.3%
$930,000
$900,000
3.3%
AVERAGE SALE PRICE
$1,019,132
$970,785
5%
$1,071,566
$1,038,711
3.2%
AVERAGE DAYS ON MARKET
20
30
-33.3%
36
28
28.6%
% SALES PRICE TO LIST PRICE
100.9%
99%
1.9%
98.5%
101%
-2.4%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$2,000,000-$2,999,999
$1,000,000-$1,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
33
45
ç
24
28
ç
2
2
NC
1
1
NC
YTD
YTD
YTD
26.7%
YTD
14.3%
YTD
0%
0%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
2.75
0.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
2.00
0.50
2
0.17
MONTH’S SUPPLY
12.00
INVENTORY
AVG SALES PER MONTH
1
0.08
MONTH’S SUPPLY
12.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
NEW PROVIDENCE ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
28
29
-3.4%
116
169
-31.4%
$23,914,850
$21,577,252
10.8%
$100,108,848
$142,276,672
-29.6%
MEDIAN SALE PRICE
$801,500
$665,000
20.5%
$817,500
$799,000
2.3%
AVERAGE SALE PRICE
$854,101
$744,043
14.8%
$863,007
$841,874
2.5%
AVERAGE DAYS ON MARKET
16
38
-57.9%
26
23
15.2%
% SALES PRICE TO LIST PRICE
105.3%
101.7%
3.5%
105.3%
106.1%
-0.7%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2022
YTD
% CHANGE
2023
2022
93
130
ç
23
38
YTD
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
1
0
0
NC
YTD
ç 39.5%
28.5%
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
YTD
100%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
7.75
0.52
INVENTORY
1
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1.92
0.52
0
0.00
N/A
1
0.00
∞
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
PEAPACK-GLADSTONE ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
10
4
150%
25
29
-13.8%
TOTAL DOLLAR VOLUME
$11,664,000
$3,314,000
252%
$25,207,500
$28,618,160
-11.9%
MEDIAN SALE PRICE
$1,152,500
$807,500
42.7%
$975,000
$875,000
11.4%
AVERAGE SALE PRICE
$1,166,400
$828,500
40.8%
$1,008,300
$986,833
2.2%
AVERAGE DAYS ON MARKET
23
57
-59.6%
42
29
44.9%
% SALES PRICE TO LIST PRICE
97.4%
100.1%
-2.7%
98.6%
96.9%
1.8%
HOMES SOLD
Sales by Price $0-$999,999
$1,000,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
14
20
ç
10
8
ç
1
1
NC
0
0
NC
YTD
YTD
YTD
YTD
25%
30%
YTD
0%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
1.17
1.71
2
0.83
2.40
1
0.08
MONTH’S SUPPLY
12.00
$3,000,000 AND UP INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2
0.00
∞
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
RANDOLPH TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
47
63
-25.4%
223
327
-31.8%
$35,385,000
$42,007,224
-15.8%
$160,624,396
$225,911,536
-28.9%
MEDIAN SALE PRICE
$726,000
$650,000
11.7%
$722,000
$675,000
7%
AVERAGE SALE PRICE
$752,872
$666,781
12.9%
$720,289
$690,861
4.3%
AVERAGE DAYS ON MARKET
25
31
-19.4%
24
26
-6.4%
% SALES PRICE TO LIST PRICE
103.1%
100.9%
2.2%
104.4%
104.4%
0%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
209
302
ç
14
25
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
ç
30.8%
$3,000,000 AND UP YTD
44%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
10
AVG SALES PER MONTH
MONTH’S SUPPLY
17.42
0.57
INVENTORY
1
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1.17
0.86
1
0.00
∞
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
READINGTON TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
40
53
-24.5%
169
236
-28.4%
$23,950,616
$30,187,430
-20.7%
$104,126,288
$140,396,712
-25.8%
MEDIAN SALE PRICE
$544,500
$560,000
-2.8%
$620,000
$599,500
3.4%
AVERAGE SALE PRICE
$598,765
$569,574
5.1%
$616,132
$594,901
3.6%
AVERAGE DAYS ON MARKET
28
35
-20%
33
31
7.7%
% SALES PRICE TO LIST PRICE
101%
100.4%
0.6%
101.9%
103%
-1%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
160
227
ç
9
9
NC
0
0
NC
0
0
NC
YTD
YTD
YTD
29.5%
YTD
YTD
0%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12
13.33
0.90
INVENTORY
4
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.75
5.33
0
0.00
MONTH’S SUPPLY
N/A
$3,000,000 AND UP INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1
0.00
∞
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
SUMMIT ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
43
59
-27.1%
245
307
-20.2%
TOTAL DOLLAR VOLUME
$61,082,752
$69,703,888
-12.4%
$350,755,776
$419,243,288
-16.3%
MEDIAN SALE PRICE
$1,220,000
$906,500
34.6%
$1,325,000
$1,205,000
10%
AVERAGE SALE PRICE
$1,420,529
$1,181,421
20.2%
$1,431,656
$1,365,614
4.8%
AVERAGE DAYS ON MARKET
32
35
-8.6%
27
23
20.1%
% SALES PRICE TO LIST PRICE
102.2%
101.7%
0.5%
104.2%
105.4%
-1.1%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
107
136
ç
90
109
ç
38
48
ç
10
14
YTD
YTD
YTD
YTD
17.4%
21.3%
YTD
YTD
20.8%
% CHANGE
ç
2023
28.6%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
8.92
0.11
INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
7.50
0.27
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3.17
0.32
4
0.83
4.80
1
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
TEWKSBURY TOWNSHIP ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
23
14
64.3%
76
102
-25.5%
$22,229,804
$12,826,500
73.3%
$71,310,520
$98,607,752
-27.7%
MEDIAN SALE PRICE
$868,000
$701,250
23.8%
$850,000
$809,950
4.9%
AVERAGE SALE PRICE
$966,513
$916,178
5.5%
$938,296
$966,743
-2.9%
AVERAGE DAYS ON MARKET
52
86
-39.5%
55
63
-13.8%
% SALES PRICE TO LIST PRICE
99%
98.2%
0.9%
98.9%
99.6%
-0.7%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
50
71
ç
23
26
ç
3
4
ç
YTD
YTD
29.6%
YTD
YTD
YTD
2023
2022
0
1
% CHANGE
ç
2023
YTD
$3,000,000 AND UP
$2,000,000-$2,999,999
25%
100%
$2,000,000-$2,999,999
$3,000,000 AND UP
11.5%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
4.17
0.72
INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
1.92
2.61
4
0.25
MONTH’S SUPPLY
16.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
WARREN ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
46
58
-20.7%
188
227
-17.2%
TOTAL DOLLAR VOLUME
$49,293,756
$58,944,376
-16.4%
$211,496,832
$233,698,855
-9.5%
MEDIAN SALE PRICE
$1,004,639
$984,500
2%
$999,000
$955,000
4.6%
AVERAGE SALE PRICE
$1,071,603
$1,016,282
5.4%
$1,124,983
$1,029,510
9.3%
AVERAGE DAYS ON MARKET
48
49
-2%
43
43
0%
% SALES PRICE TO LIST PRICE
99.9%
97.8%
2.1%
99.7%
99.4%
0.4%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
97
129
ç
80
89
ç
11
9
ç
YTD
YTD
YTD
24.8%
$3,000,000 AND UP
$2,000,000-$2,999,999 YTD
10.1%
2023
2022
YTD
% CHANGE
0
0
NC
YTD
22.2%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
8.08
0.87
INVENTORY
7
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
6.67
1.05
2
0.92
2.18
2
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
WASHINGTON TOWNSHIP (MORRIS COUNTY) ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
39
44
-11.4%
180
253
-28.9%
$24,862,554
$28,353,400
-12.3%
$112,796,256
$156,322,056
-27.8%
MEDIAN SALE PRICE
$600,000
$640,000
-6.3%
$612,500
$594,800
3%
AVERAGE SALE PRICE
$637,501
$644,395
-1.1%
$626,645
$617,874
1.4%
AVERAGE DAYS ON MARKET
29
31
-6.5%
31
28
10.7%
% SALES PRICE TO LIST PRICE
103.6%
102.3%
1.3%
103.7%
105.3%
-1.5%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2023
2022
YTD
% CHANGE
2023
2022
173
243
ç
7
10
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
ç 30%
28.8%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
10
AVG SALES PER MONTH
MONTH’S SUPPLY
14.42
0.69
INVENTORY
1
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.58
1.71
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
WATCHUNG ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
13
25
-48%
54
104
-48.1%
$14,719,000
$21,769,500
-32.4%
$59,123,500
$95,349,556
-38%
MEDIAN SALE PRICE
$975,000
$875,000
11.4%
$951,750
$875,000
8.8%
AVERAGE SALE PRICE
$1,132,230
$870,780
30%
$1,094,880
$916,823
19.4%
AVERAGE DAYS ON MARKET
36
50
-28%
42
50
-16.2%
% SALES PRICE TO LIST PRICE
97.3%
97%
0.2%
98.6%
100.6%
-2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
32
72
ç
17
28
ç
5
4
ç
YTD
YTD
YTD
YTD
39.3%
55.6%
$3,000,000 AND UP 2023
2022
YTD
% CHANGE
0
0
NC
YTD
25%
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
2.67
0.38
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
1.42
2.12
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.42
0.00
0
0.00
N/A
0
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
WESTFIELD ANNUAL MARKET REPORT 2023
Overview Q4 2023
Q4 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
61
89
-31.5%
300
379
-20.8%
$70,799,176
$92,828,832
-23.7%
$356,129,352
$399,227,124
-10.8%
MEDIAN SALE PRICE
$1,131,650
$955,000
18.5%
$1,075,500
$945,000
13.8%
AVERAGE SALE PRICE
$1,160,642
$1,043,020
11.3%
$1,187,098
$1,053,369
12.7%
AVERAGE DAYS ON MARKET
29
23
26.1%
23
25
-8.3%
% SALES PRICE TO LIST PRICE
103.8%
102.1%
1.6%
104.6%
104.2%
0.4%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
140
215
ç
144
145
ç
14
18
ç
2
1
YTD
YTD
YTD
YTD
0.7%
34.9%
YTD
YTD
% CHANGE
ç
2023
22.2%
100%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of December 31, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
11.67
0.43
INVENTORY
9
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
12.00
0.75
4
1.17
MONTH’S SUPPLY
3.43
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0
0.17
0.00
10 Year Market History
© 2024 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/9/24 & Trendgraphix
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