REGIONAL RESULTS | NOVEMBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices PENDED SALES (UNITS) - MONTH OF NOVEMBER Last 5 Years 2023
850
2022
926
1,301
2021
2020
1,508
2019
1,167
0
500
1000
1500
2000
MEDIAN LIST PRICE, HOMES PENDED - MONTH OF NOVEMBER Last 5 Years 2023
$638,500
2022
$621,200
$566,000
2021
2020
$543,900
2019
$482,100
0
200000
400000
600000
MONTHS SUPPLY, HOMES PENDED - MONTH OF NOVEMBER Last 5 Years Months 2023
1.50
2022
1.80
1.30
2021
2.10
2020
4.20
2019 0
© 2023 Turpin Realtors
1
2
3
Subject to Errors and Omissions
4
5
* This report is inclusive of results from select municipalities in Essex and Union counties as detailed on the following page.
Source: GSMLS 12/7/23 & Trendgraphix
REGIONAL RESULTS | NOVEMBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - Activity by Price
ALL PRICES Nov. 2023
Nov. 2022
% Change
Homes For Sale
1235
1677
-26%
New Listing
842
953
-12%
Contracts Pended
850
926
-8%
Homes Sold
908
1108
-18%
Days on Market
29
35
-17%
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
Nov. 2023
Nov. 2022
% Change
Nov. 2023
Nov. 2022
% Change
Homes For Sale
869
1252
-31%
Homes For Sale
229
301
-24%
New Listing
702
814
-14%
New Listing
110
116
-5%
Contracts Pended
730
804
-9%
Contracts Pended
107
105
2%
Homes Sold
761
965
-21%
Homes Sold
129
129
0%
Days on Market
28
35
-20%
Days on Market
30
35
-14%
Nov. 2023
Nov. 2022
% Change
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
Nov. 2023
Nov. 2022
% Change
Homes For Sale
65
72
-10%
Homes For Sale
72
52
38%
New Listing
15
15
0%
New Listing
15
8
88%
Contracts Pended
9
14
-36%
Contracts Pended
4
3
33%
Homes Sold
13
9
44%
Homes Sold
5
5
0%
Days on Market
36
32
13%
Days on Market
76
28
171%
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
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 12/7/23 & Trendgraphix
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.
www.TurpinRealtors.com
© 2023 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 12/7/23 & Trendgraphix