North Central New Jersey Market Report | Regional Results | July 2023

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REGIONAL RESULTS | JULY 2023

ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES

Residential Properties - All Prices

1,529 2,382 1,835 1,456 1,043 2019 2020 2021 2022 2023 0 500 1000 1500 2000 2500 PENDED SALES (UNITS) - MONTH OF JULY Last 5 Years $527,700 $571,700 $591,100 $635,300 $703,700 2019 2020 2021 2022 2023 0 200000 400000 600000 MEDIAN LIST PRICE, HOMES PENDED - MONTH OF JULY Last 5 Years 4.20 1.70 1.50 1.70 1.40 2019 2020 2021 2022 2023 0 1 2 3 4 5 Months MONTHS SUPPLY, HOMES PENDED - MONTH OF JULY Last 5 Years
Source: GSMLS 8/9/23 & 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 | JULY 2023

ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES

Residential

ALL PRICES

$2,000,000 - $2,999,999 MILLION

$1,000,000 - $1,999,999

Source: GSMLS 8/9/23 & Trendgraphix © 2023 Turpin Realtors Subject to Errors and Omissions
% Change July 2023 July 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 1482 2491 -41% 1272 1849 -31% 1043 1456 -28% 1245 1679 -26% 24 23 4%
% Change July 2023 July 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 1005 1935 -48% 1039 1568 -34% 889 1282 -31% 955 1354 -29% 23 23 0%
UNDER $1 MILLION
% Change July 2023 July 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 325 401 -19% 194 237 -18% 137 147 -7% 233 270 -14% 29 18 61%
MILLION
% Change July 2023 July 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 89 88 1% 31 29 7% 15 23 -35% 46 45 2% 22 45 -51% $3 MILLION+ % Change July 2023 July 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 63 67 -6% 8 15 -47% 2 4 -50% 11 10 10% 49 55 -11%
Properties - Activity by
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
Price

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: 201 Pleasant Valley Road, Mendham Boro, NJ www.TurpinRealtors.com

© 2023 Turpin Realtors • Subject to Errors and Omissions

• Source: GSMLS 8/9/23 & Trendgraphix

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