REGIONAL RESULTS | FEBRUARY 2024
ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES
Residential Properties - All Prices
1,327 1,341 1,113 869 854 2020 2021 2022 2023 2024 0 500 1000 1500 PENDED SALES (UNITS) - MONTH OF FEBRUARY Last 5 Years $496,200 $596,900 $596,700 $626,300 $684,200 2020 2021 2022 2023 2024 0 200000 400000 600000 MEDIAN LIST PRICE, HOMES PENDED - MONTH OF FEBRUARY Last 5 Years 3.20 1.40 1.20 1.30 1.30 2020 2021 2022 2023 2024 0 1 2 3 4 Months MONTHS SUPPLY, HOMES PENDED - MONTH OF FEBRUARY Last 5 Years
Source: GSMLS 3/8/24 & Trendgraphix © 2024 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 | FEBRUARY 2024
ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES
Residential Properties - Activity by Price
ALL PRICES
Source: GSMLS 3/8/24 & Trendgraphix © 2024 Turpin Realtors Subject to Errors and Omissions
% Change Feb. 2024 Feb. 2023 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 1077 1172 -8% 1081 984 10% 854 869 -2% 584 616 -5% 36 45 -20% UNDER $1 MILLION % Change Feb. 2024 Feb. 2023 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 700 809 -13% 825 792 4% 693 723 -4% 487 533 -9% 36 44 -18% $1,000,000 - $1,999,999 MILLION % Change Feb. 2024 Feb. 2023 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 241 261 -8% 204 151 35% 131 114 15% 80 68 18% 38 55 -31% $2,000,000 -
MILLION % Change Feb. 2024 Feb. 2023 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 70 55 27% 33 28 18% 23 26 -12% 13 12 8% 37 32 16% $3 MILLION+ % Change Feb. 2024 Feb. 2023 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 66 47 40% 19 13 46% 7 6 17% 4 3 33% 51 82 -38%
$2,999,999
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.
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© 2024 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 3/8/24 & Trendgraphix