0 1000 2000 3000 4000 5000 0 200 400 600 800 2020 2021 2022 2023 2024 Homes Sold Homes for Sale Median Sold Price (000's) SALES 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 Copyright Turpin Realtors 2024. This data provided by Garden State Multiple Listing Service and Trendgraphix is deemed reliable but not guaranteed. RESIDENTIAL PROPERTIES YEAR OVER YEAR Prices Median Sales Price Sales Closed Sales Inventory Average Inventory 8.6% 0 1,000 2,000 3,000 2020 2021 2022 2023 2024 New Listings New Purchase Contracts CONTRACTS 10.8% 3% + + –New Listings 18.1% + Purchase Contracts 8.6% +
MONTH OF APRIL
& Union*
NORTH CENTRAL NEW JERSEY RESIDENTIAL MARKET REPORT
Essex*, Hunterdon, Morris, Somerset
Counties
YEAR TO DATE APRIL 30 - ACTIVITY BY PRICE
Essex*, Hunterdon, Morris, Somerset & Union* Counties
$2,000,000 - $2,999,999 MILLION
Source: GSMLS 5/10/24 & Trendgraphix © 2024 Turpin Realtors Subject to Errors and Omissions UNDER $1 MILLION % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 914 944 -3% 3747 3723 1% 3044 3117 -2% 2342 2581 -9% 32 38 -16% $1,000,000 - $1,999,999 MILLION % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 281 325 -14% 921 760 21% 647 551 17% 456 369 24% 35 43 -19%
% Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 94 85 11% 156 160 -3% 74 92 -20% 58 60 -3% 35 36 -3% $3 MILLION+ % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 88 65 35% 101 61 66% 36 14 157% 25 12 108% 66 107 -38% 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 Boro, New Providence Boro, Scotch Plains Twp, Summit City, Westfield Twp
CENTRAL NEW JERSEY RESIDENTIAL MARKET REPORT 2342 456 58 25 2581 369 60 12 Under $1M $1-1.99M $2-2.99M $3M+ Homes Sold 0 1000 2000 3000 2024 2023 HOMES SALES BY PRICE Under $1M $1-1.99M $2-2.99M $3M+
NORTH
About the Data
This study includes all residential home sales in the regions noted, as reported by Garden State Multiple Service LLC (GSMLS) and Trendgraphix, including condominiums and townhomes. It does not include land sales, commercial sales, or rentals.
www.TurpinRealtors.com
Cover: 00 Private, Peapack-Gladstone
© 2024 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 5/10/24 & Trendgraphix
