NORTH CENTRAL NEW JERSEY
MARKET REPORT
| FEBRUARY
REGIONAL RESULTS
2023
REGIONAL RESULTS | FEBRUARY 2023
ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES
Residential Properties - All Prices
1,146 1,327 1,341 1,113 914 2019 2020 2021 2022 2023 0 500 1000 1500 PENDED SALES (UNITS) - MONTH OF FEBRUARY Last 5 Years $503,400 $496,200 $596,900 $596,700 $625,800 2019 2020 2021 2022 2023 0 200000 400000 600000 MEDIAN LIST PRICE, HOMES PENDED - MONTH OF FEBRUARY Last 5 Years 4.30 3.20 1.40 1.20 1.30 2019 2020 2021 2022 2023 0 1 2 3 4 5 Months
FEBRUARY
MONTHS SUPPLY, HOMES PENDED - MONTH OF
Last 5 Years
Source: GSMLS 3/923 & Trendgraphix © 2023 Turpin Realtors Subject to Errors and Omissions
REGIONAL RESULTS | FEBRUARY 2023
ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES
$2,000,000 - $2,999,999 MILLION
$1,000,000 - $1,999,999 MILLION
Source: GSMLS 3/923 & Trendgraphix © 2023 Turpin Realtors Subject to Errors and Omissions
% Change Feb. 2023 Feb. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 1172 1288 -9% 975 1435 -32% 914 1113 -18% 604 834 -28% 44 42 5%
$1 MILLION % Change Feb. 2023 Feb. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 809 956 -15% 782 1194 -35% 761 956 -20% 523 719 -27% 43 40 8%
ALL PRICES
UNDER
% Change Feb. 2023 Feb. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 261 227 15% 151 199 -24% 121 123 -2% 67 95 -29% 53 46 15%
% Change Feb. 2023 Feb. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 55 59 -7% 28 31 -10% 25 31 -19% 11 14 -21% 30 87 -66% $3 MILLION+ % Change Feb. 2023 Feb. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 47 46 2% 14 11 27% 7 3 133% 3 6 -50% 82 132 -38%
Residential Properties - Activity by Price *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 Twp & West Orange 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.
©
Turpin Realtors •
to Errors
Omissions • Source: GSMLS 3/923
Trendgraphix
www.TurpinRealtors.com
2023
Subject
and
&
Cover page image: 00 Private Lane, Bernardsville, NJ | Exclusive