0 1,000 2,000 3,000 4,000 5,000 $0 $250 $500 $750 $1,000 2020 2021 2022 2023 2024 Homes Sold Homes for Sale Median Sold Price (000's) MAY SALES This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Berkeley Heights Twp, Mountainside Borough, New Providence Borough, 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 Copyright Turpin Realtors 2024. This data provided by Garden State Multiple Listing Service and Trendgraphix is deemed reliable but not guaranteed. RESIDENTIAL PROPERTIES YEAR OVER YEAR Prices Median Sales Price Sales Closed Sales Inventory Average Inventory 4.4% 0 1,000 2,000 3,000 2020 2021 2022 2023 2024 New Listing New Contracts Pended MAY CONTRACTS 21.1% 8.9% –+ + New Listings 6.6% + Purchase Contracts 8.4% + MONTH OF MAY Essex*, Hunterdon, Morris, Somerset & Union* Counties NORTH CENTRAL NEW JERSEY RESIDENTIAL MARKET REPORT
YEAR TO DATE MAY 31 - ACTIVITY BY PRICE
Essex*, Hunterdon, Morris, Somerset & Union* Counties
$2,000,000 - $2,999,999 MILLION
Source: GSMLS 6/6/24 & Trendgraphix © 2024 Turpin Realtors Subject to Errors and Omissions UNDER $1 MILLION % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 958 897 7% 5023 4984 1% 4144 4220 -2% 3166 3413 -7% 29 35 -17% $1,000,000 - $1,999,999 MILLION % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 335 314 7% 1280 1038 23% 916 758 21% 688 531 30% 30 40 -25%
% Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 108 84 29% 227 212 7% 114 122 -7% 87 83 5% 34 34 NC $3 MILLION+ % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 86 71 21% 123 85 45% 47 25 88% 32 23 39% 74 70 6% 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
NORTH CENTRAL NEW JERSEY RESIDENTIAL MARKET REPORT 3166 688 87 32 3413 531 83 23 Under $1M $1-1.99M $2-2.99M $3M+ Homes Sold 0 1000 2000 3000 4000 2024 2023 HOME SALES BY PRICE Under $1M $1-1.99M $2-2.99M $3M+
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: 40 Mountain Top Rd, Bernardsville
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© 2024 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 6/6/24 & Trendgraphix
