NORTH CENTRAL NEW JERSEY
MARKET REPORT R E G I O N A L R E S U LT S | O C T O B E R 2 0 2 2
REGIONAL RESULTS | OCTOBER 2022 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices PENDED SALES (UNITS) - MONTH OF OCTOBER Last 5 Years 2022
1,144
2021
1,542
2,040
2020
2019
1,420
2018
1,279
0
500
1000
1500
2000
2500
MEDIAN LIST PRICE, HOMES PENDED - MONTH OF OCTOBER Last 5 Years 2022
$589,100
2021
$563,500
$553,800
2020
2019
$486,100
2018
$476,300
0
200000
400000
MONTHS SUPPLY, HOMES PENDED - MONTH OF OCTOBER Last 5 Years Months 2022
1.90
2021
1.40
1.80
2020
4.00
2019
4.60
2018 0
© 2022 Turpin Realtors
1
2
3
Subject to Errors and Omissions
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5
Source: GSMLS 11/7/22 & Trendgraphix
REGIONAL RESULTS | OCTOBER 2022 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - Activity by Price
ALL PRICES Oct. 2022
Oct. 2021
% Change
Homes For Sale
1988
2172
-8%
New Listing
1227
1577
-22%
Contracts Pended
1114
1542
-28%
Homes Sold
1067
1570
-32%
34
32
6%
Days on Market
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
Oct. 2022
Oct. 2021
% Change
Homes For Sale
1491
1735
-14%
New Listing
1044
1390
Contracts Pended
978
Homes Sold Days on Market
Oct. 2022
Oct. 2021
% Change
Homes For Sale
354
306
16%
-25%
New Listing
150
156
-4%
1376
-29%
Contracts Pended
118
138
-14%
933
1422
-34%
Homes Sold
117
132
-11%
33
31
6%
39
34
15%
Oct. 2022
Oct. 2021
% Change
51
52
-2%
Days on Market
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
Oct. 2022
Oct. 2021
% Change
Homes For Sale
92
79
16%
Homes For Sale
New Listing
28
23
22%
New Listing
5
8
-37%
Contracts Pended
11
20
-45%
Contracts Pended
7
8
-12%
Homes Sold
16
14
14%
Homes Sold
1
2
-50%
Days on Market
54
59
-8%
Days on Market
78
79
-1%
*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 11/7/22 & 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: 150 Cowperthwaite Rd, Bedminster Twp | MLS: 3815310
www.TurpinRealtors.com © 2022 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 11/7/22 & Trendgraphix