NORTH CENTRAL NEW JERSEY
MARKET REPORT
JANUARY
REGIONAL RESULTS |
2023
REGIONAL RESULTS | JANUARY 2023
ESSEX*,
HUNTERDON, MORRIS, SOMERSET & UNION*
Residential Properties - All Prices
COUNTIES
993 1,068 1,227 879 705 2019 2020 2021 2022 2023 0 250 500 750 1000 1250 PENDED SALES (UNITS) - MONTH OF JANUARY Last 5 Years $457,000 $489,700 $561,800 $589,000 $603,900 2019 2020 2021 2022 2023 0 200000 400000 600000 MEDIAN LIST PRICE, HOMES PENDED - MONTH OF JANUARY Last 5 Years 4.50 3.70 1.70 1.30 1.80 2019 2020 2021 2022 2023 0 1 2 3 4 5 Months MONTHS SUPPLY, HOMES PENDED - MONTH OF JANUARY Last 5 Years
Source: GSMLS 12/12/22 & Trendgraphix © 2023 Turpin Realtors Subject to Errors and Omissions
REGIONAL RESULTS | JANUARY 2023
ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential
$2,000,000 - $2,999,999 MILLION
$1,000,000 - $1,999,999 MILLION
Source: GSMLS 12/12/22 & Trendgraphix © 2023 Turpin Realtors Subject to Errors and Omissions
% Change Jan. 2023 Jan. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 1240 1120 11% 879 1068 -18% 705 879 -20% 674 1054 -36% 40 36 11%
ALL PRICES
% Change Jan. 2023 Jan. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 872 839 4% 722 938 -23% 623 783 -20% 586 924 -37% 38 35 9%
UNDER $1 MILLION
% Change Jan. 2023 Jan. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 265 180 47% 124 104 19% 73 85 -14% 74 111 -33% 42 44 -5%
% Change Jan. 2023 Jan. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 60 59 2% 26 21 24% 7 10 -30% 12 14 -14% 92 43 114% $3 MILLION+ % Change Jan. 2023 Jan. 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 43 42 2% 7 5 40% 2 1 100% 2 5 -60% 120 103 17%
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.
Cover page image: 180 Post Kennel Rd, Bernardsville, NJ | MLS: 3819671
www.TurpinRealtors.com
© 2023 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 12/12/22 & Trendgraphix
