NORTH CENTRAL NEW JERSEY
MARKET REPORT R E G I O N A L R E S U LT S | N O V E M B E R 2 0 2 2
REGIONAL RESULTS | NOVEMBER 2022 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices PENDED SALES (UNITS) - MONTH OF NOVEMBER Last 5 Years 2022
971
2021
1,301
1,508
2020
2019
1,167
2018
1,119
0
500
1000
1500
2000
MEDIAN LIST PRICE, HOMES PENDED - MONTH OF NOVEMBER Last 5 Years 2022
$623,600
2021
$566,000
$543,900
2020
2019
$482,100
2018
$486,400
0
200000
400000
600000
MONTHS SUPPLY, HOMES PENDED - MONTH OF NOVEMBER Last 5 Years Months 2022
1.70
2021
1.30
2.10
2020
4.20
2019
4.80
2018 0
© 2022 Turpin Realtors
1
2
3
Subject to Errors and Omissions
4
5
Source: GSMLS 12/12/22 & Trendgraphix
REGIONAL RESULTS | NOVEMBER 2022 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - Activity by Price
ALL PRICES Nov. 2022
Nov. 2021
% Change
1677
1667
1%
New Listing
948
1167
-19%
Contracts Pended
971
1301
-25%
1085
1468
-26%
35
34
3%
Homes For Sale
Homes Sold Days on Market
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
Nov. 2022
Nov. 2021
% Change
1252
1302
-4%
New Listing
809
1026
Contracts Pended
841
Homes Sold
Homes For Sale
Days on Market
Nov. 2022
Nov. 2021
% Change
Homes For Sale
301
245
23%
-21%
New Listing
114
117
-3%
1169
-28%
Contracts Pended
113
115
-2%
946
1316
-28%
Homes Sold
126
130
-3%
35
33
6%
35
35
0%
Nov. 2022
Nov. 2021
% Change
52
49
6%
Days on Market
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
Nov. 2022
Nov. 2021
% Change
Homes For Sale
72
71
1%
Homes For Sale
New Listing
17
17
0%
New Listing
8
7
14%
Contracts Pended
14
13
8%
Contracts Pended
3
4
-25%
8
16
-50%
Homes Sold
5
6
-17%
36
49
-27%
Days on Market
28
150
-81%
Homes Sold Days on Market
*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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 12/12/22 & 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.
Cover page image: 159 Lake Rd, Far Hills | MLS: 3820966
www.TurpinRealtors.com © 2022 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 12/12/22 & Trendgraphix