REGIONAL RESULTS | AUGUST 2023
ESSEX*,
MORRIS, SOMERSET & UNION* COUNTIES
Residential Properties - All Prices
1,505 2,042 1,618 1,409 1,143 2019 2020 2021 2022 2023 0 500 1000 1500 2000 2500 PENDED SALES (UNITS) - MONTH OF AUGUST Last 5 Years $505,000 $578,100 $571,100 $615,100 $670,200 2019 2020 2021 2022 2023 0 200000 400000 600000 MEDIAN LIST PRICE, HOMES PENDED - MONTH OF AUGUST Last 5 Years 3.90 1.90 1.60 1.50 1.10 2019 2020 2021 2022 2023 0 1 2 3 4 Months MONTHS SUPPLY, HOMES PENDED - MONTH OF AUGUST Last 5 Years
HUNTERDON,
Source: GSMLS 9/8/23 & Trendgraphix © 2023 Turpin Realtors Subject to Errors and Omissions
This report is inclusive of results from select municipalities in Essex and Union counties as detailed on the following page.
*
REGIONAL RESULTS | AUGUST 2023
ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES
Residential Properties - Activity by Price
ALL PRICES
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
$2,000,000 - $2,999,999 MILLION
Source: GSMLS 9/8/23 & Trendgraphix © 2023 Turpin Realtors Subject to Errors and Omissions
% Change August 2023 August 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 1279 2065 -38% 1118 1376 -19% 1143 1409 -19% 1342 1743 -23% 25 25 0%
% Change August 2023 August 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 845 1572 -46% 920 1202 -23% 992 1251 -21% 1039 1478 -30% 25 25 0%
% Change August 2023 August 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 292 354 -18% 163 142 15% 133 127 5% 262 214 22% 22 25 -12%
% Change August 2023 August 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 82 80 3% 27 26 4% 15 22 -32% 31 38 -18% 33 26 27% $3 MILLION+ % Change August 2023 August 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 60 59 2% 8 6 33% 3 9 -67% 10 13 -23% 34 23 48%
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
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.
Cover page image: 30 Sherwood Farm Road, Far Hills, NJ www.TurpinRealtors.com
© 2023 Turpin Realtors • Subject to Errors and Omissions
• Source: GSMLS 9/8/23 & Trendgraphix
