NORTH CENTRAL NEW JERSEY
MARKET REPORT R E G I O N A L R E S U LT S | A U G U S T 2 0 2 2
REGIONAL RESULTS | AUGUST 2022 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices PENDED SALES (UNITS) - MONTH OF AUGUST Last 5 Years 2022
1,481
2021
1,618
2,042
2020
2019
1,505
2018
1,378
0
500
1000
1500
2000
2500
MEDIAN LIST PRICE, HOMES PENDED - MONTH OF AUGUST Last 5 Years 2022
$608,100
2021
$571,100
$578,100
2020
2019
$505,000
2018
$502,600
0
200000
400000
600000
MONTHS SUPPLY, HOMES PENDED - MONTH OF AUGUST Last 5 Years Months 2022
1.40
2021
1.60
1.90
2020
3.90
2019
4.30
2018 0
© 2022 Turpin Realtors
1
2
3
Subject to Errors and Omissions
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5
Source: GSMLS 9/9/22 & Trendgraphix
REGIONAL RESULTS | AUGUST 2022 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - Activity by Price
ALL PRICES August 2022 August 2021
% Change
Homes For Sale
2065
2577
-20%
New Listing
1360
1883
-28%
Contracts Pended
1481
1618
-8%
Homes Sold
1699
2077
-18%
25
26
-4%
Days on Market
UNDER $1 MILLION August 2022 August 2021
$1,000,000 - $1,999,999 MILLION % Change
August 2022 August 2021
% Change
Homes For Sale
1572
2096
-25%
Homes For Sale
354
337
5%
New Listing
1183
1725
-31%
New Listing
145
136
7%
Contracts Pended
1324
1470
-2%
Contracts Pended
126
132
-5%
Homes Sold
1440
1813
-21%
Homes Sold
209
229
-9%
25
25
NC
24
27
-11%
Days on Market
Days on Market
$2,000,000 - $2,999,999 MILLION August 2022 August 2021
$3 MILLION+
% Change
August 2022 August 2021
Homes For Sale
80
84
-5%
Homes For Sale
New Listing
25
13
92%
Contracts Pended
23
8
188%
Homes Sold
37
28
32%
Days on Market
27
53
-49%
% Change
59
60
-2%
New Listing
7
9
-22%
Contracts Pended
8
8
NC
Homes Sold
13
7
86%
Days on Market
23
64
-64%
*This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Berkeley Heights Twp, Mountainside Boro, New Providence Boro, 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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 9/9/22 & Trendgraphix
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 Peachcroft Drive, Bernardsville | MLS: 3806813
www.TurpinRealtors.com © 2022 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 9/9/22 & Trendgraphix