NORTH CENTRAL NEW JERSEY
MARKET REPORT 2022 FIRST QUARTER
FIRST QUARTER MARKET REPORT 2022
About the Data • • • • •
This study includes all residential home sales in the towns indicated as reported by Garden State Multiple Service LLC (GSMLS), including condominiums and townhomes. It does not include land sales, commercial sales or rentals. Year to Date “Overview” sales data is asreportedto GSMLS on 4/11/22. When considering Supply and Demand, it is generally accepted that a supply of six months represents a balanced market. Below six months tends to be a seller’s market, with prices rising, and above six months generally indicates a buyer’s market with downward pressure on pricing. Average Sales per month is calculated on the number of sales for the current year. The relatively tiny amount of transaction data in some categories can lead to wild swings that do not necessarily point to a trend in one direction or another.
CONTENTS
FIRST QUARTER MARKET REPORT 2022
Bedminster Berkeley Heights Bernards Twp. Bernardsville Boonton Town Boonton Twp. Bridgewater Twp. Califon Chatham Boro Chatham Twp. Chester Boro Chester Twp. Clinton Town
Clinton Twp. Far Hills Florham Park Harding Twp. Lebanon Boro Lebanon Twp. Long Hill Twp. Madison Maplewood Mendham Boro Mendham Twp. Millburn Morris Plains
Cover image: 86 Sand Spring Rd, Harding Twp.
Morris Twp. Morristown Mountain Lakes New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
COMMENTARY During the first quarter of 2022, the residential real estate market in north central New Jersey remained extremely active, even as it moderated from the dizzying heights of 2021. Despite higher interest rates and increased uncertainty both at home and abroad, buyer activity remained brisk, and properly priced homes in most price ranges continued to see very high demand. While the record low supply that was nearly ubiquitous throughout our market in 2021 has begun to increase, inventory remains historically low. For the year ended December 2021, almost all of the 39 towns in our study posted less than one month’s supply in the under-$1 million segment. By the end of the first quarter this year, 23 of the 39 towns studied (59%) exceeded one month’s supply, if only marginally, and most remained well below the 6-month supply we expect in a balanced market. This change, although minimal, was welcomed by homebuyers during the first quarter, while sellers continued to enjoy plenty of demand. In all but a handful of the 39 towns we report on, unit sales declined during the first quarter, versus the same period in 2021. As closings are traditionally slowest during this time of year, this data may simply reflect a return to pre-pandemic seasonality in the market. Second-quarter results will be key to understanding whether the market is normalizing, or if we are experiencing a more pronounced slowdown. Prices continued to appreciate across our market during the first quarter, due entirely to the combination of persistent demand and low inventory. As compared to the same quarter last year, all but three towns in our report posted increases to their median sale price, average sale price, or in many cases both. As long as inventory remains well below 6 month’s supply, we expect prices to continue to rise. Lastly, we welcome steady and continued improvement in unit sales for homes priced over $1 million, which has been noted over the past few quarters. This activity bodes well for the long-term health of an important segment in our regional real estate market. This market remains exciting and dynamic, and the knowledge and guidance of a dedicated real estate professional have never been more valuable. At Turpin we take pride in providing unsurpassed service and expertise to our clientele. As always, I welcome you to call on one of our capable agents to help you assess the particulars of your unique situation.
John Turpin, President
www.TurpinRealtors.com/Reports © 2022 Turpin Realtors
Source: GSMLS and TrendGraphix
BEDMINSTER FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
37
61
-39.3%
$26,741,300
$28,257,038
-5.4%
MEDIAN SALE PRICE
$405,000
$350,000
15.7%
AVERAGE SALE PRICE
$722,737
$463,230
56%
60
60
0%
95.8%
96.4%
-0.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
5
0
2022
2021
YTD
% CHANGE
2
1
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
1
0
% CHANGE
ç
60
2022
YTD
ç
29
% CHANGE
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
100%
51.7%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
12
AVG SALES PER MONTH
MONTH’S SUPPLY
9.67
1.24
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
1.67
2.40
4
INVENTORY
AVG SALES PER MONTH
3
0.67
$3,000,000 AND UP
MONTH’S SUPPLY
4.50
INVENTORY
5
AVG SALES PER MONTH
0.33
MONTH’S SUPPLY
15.00
10 Year Market History BEDMINSTER # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,000,000
300
$750,000 200 $500,000 100 $250,000
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
BERKELEY HEIGHTS FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
27
40
-32.5%
$18,515,900
$24,799,500
-25.3%
MEDIAN SALE PRICE
$710,000
$600,500
18.2%
AVERAGE SALE PRICE
$685,774
$619,987
10.6%
35
44
-20.5%
103.6%
99.6%
4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
25
39
% CHANGE
2022
2021
YTD
% CHANGE
2
1
YTD
ç
2021
ç
YTD
2022
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
100%
35.9%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
10
AVG SALES PER MONTH
MONTH’S SUPPLY
8.33
1.20
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.67
4.50
3
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History BERKELEY HEIGHTS # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,000,000
250 200
$750,000
150 $500,000 100 $250,000
$0
© 2022 Turpin Realtors
50
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
BERNARDS TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
75
90
-16.7%
$52,807,424
$57,742,072
-8.5%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE
$701,000
$586,500
19.5%
AVERAGE SALE PRICE
$704,099
$641,578
9.7%
33
48
-31.3%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.6%
99%
3.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
60
75
% CHANGE
2022
2021
YTD
% CHANGE
15
15
NC
YTD
ç
2022
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
20%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
15
AVG SALES PER MONTH
MONTH’S SUPPLY
20.00
0.75
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
5.00
0.60
3
INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
2
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History BERNARDS TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,000,000
600
$750,000 400 $500,000 200 $250,000
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
BERNARDSVILLE FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
20
41
-51.2%
$22,243,750
$37,174,944
-40.2%
MEDIAN SALE PRICE
$778,500
$770,000
1.1%
AVERAGE SALE PRICE
$1,112,187
$906,705
22.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
56
111
-49.5%
% SALES PRICE TO LIST PRICE
99%
96.5%
2.7%
Sales by Price $0-$999,999
2021
YTD
% CHANGE
4
11
50%
2022
2021
YTD
% CHANGE
1
2
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
1
0
% CHANGE
ç
28
2022
YTD
ç
14
% CHANGE
$2,000,000-$2,999,999
ç
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
50%
63.6%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
11
AVG SALES PER MONTH
MONTH’S SUPPLY
4.67
2.36
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
4.50
6
INVENTORY
AVG SALES PER MONTH
1
0.33
$3,000,000 AND UP
MONTH’S SUPPLY
3.00
INVENTORY
7
AVG SALES PER MONTH
0.33
MONTH’S SUPPLY
21.00
10 Year Market History BERNARDSVILLE # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
200
150 $1,000,000 100 $500,000 50
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
BOONTON TOWN FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
12
13
-7.7%
$5,980,410
$5,828,000
2.6%
MEDIAN SALE PRICE
$449,450
$425,000
5.8%
AVERAGE SALE PRICE
$498,367
$448,307
11.2%
24
33
-27.3%
100.8%
6.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
107.1%
Sales by Price $0-$999,999 YTD
YTD
2021
12
13
% CHANGE
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
2022
$1,000,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
7.7%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
4.00
1.50
INVENTORY
0
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
INVENTORY
N/A
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History BOONTON TOWN # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$600,000
125 100
$400,000
75 50
$200,000
25 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
BOONTON TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
11
18
-38.9%
$7,498,777
$12,100,900
-38%
MEDIAN SALE PRICE
$531,000
$612,500
-13.3%
AVERAGE SALE PRICE
$681,707
$672,272
1.4%
43
81
-46.9%
97.6%
3.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.8%
Sales by Price $0-$999,999 % CHANGE
17
2022
2021
YTD
% CHANGE
3
1
YTD
ç
8
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
52.9%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
200%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
2.67
1.50
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
1.00
3.00
1
3
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
INVENTORY
∞
0.00
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History BOONTON TWP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,000,000
80
$750,000
60
$500,000
40
$250,000
20
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
BRIDGEWATER TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
101
116
-12.9%
$54,673,736
$61,146,768
-10.6%
MEDIAN SALE PRICE
$512,500
$489,000
4.8%
AVERAGE SALE PRICE
$541,324
$527,127
2.7%
31
54
-42.6%
102.6%
100.2%
2.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2021
YTD
% CHANGE
99
111
ç
YTD
2022
2021
YTD
% CHANGE
2
5
ç
2022
YTD
10.8%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
60%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
28
AVG SALES PER MONTH
MONTH’S SUPPLY
33.00
0.85
INVENTORY
8
AVG SALES PER MONTH
$2,000,000-$2,999,999
MONTH’S SUPPLY
0.67
12.00
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History BRIDGEWATER # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$800,000
800
$600,000
600
$400,000
400
$200,000
200
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
CALIFON FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
1
6
-83.3%
TOTAL DOLLAR VOLUME
$285,000
$2,014,900
-85.9%
MEDIAN SALE PRICE
$285,000
$372,450
-23.5%
AVERAGE SALE PRICE
$285,000
$335,816
-15.1%
134
40
235%
95.3%
98.5%
-3.3%
HOMES SOLD
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
2022
% CHANGE
6
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
1
YTD
2021
$1,000,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
83.3%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
5
AVG SALES PER MONTH
0.33
MONTH’S SUPPLY
INVENTORY
15.00
0
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History CALIFON # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$600,000
40
30 $400,000 20 $200,000 10
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
CHATHAM BORO FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
19
43
-55.8%
$15,425,776
$45,626,600
-66.2%
MEDIAN SALE PRICE
$720,000
$957,000
-24.8%
AVERAGE SALE PRICE
$811,882
$1,061,083
-23.5%
49
51
-3.9%
105.4%
99.7%
5.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
24
2022
2021
YTD
% CHANGE
4
16
YTD
ç
15
% CHANGE
2022
2021
YTD
% CHANGE
0
3
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999 YTD
2022
2021
% CHANGE
0
0
NC
YTD
YTD
100%
75%
37.5%
$3,000,000 AND UP
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
5.00
1.40
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
4.50
6
INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
0
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History CHATHAM BORO # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
200
150 $1,000,000 100 $500,000 50
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
CHATHAM TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
44
45
-2.2%
$53,555,668
$52,031,752
2.9%
MEDIAN SALE PRICE
$1,055,000
$1,090,000
-3.2%
AVERAGE SALE PRICE
$1,217,174
$1,156,261
5.3%
52
38
36.8%
101.4%
99.1%
2.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
15
19
4.8%
2022
2021
YTD
% CHANGE
7
3
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
0
2
133.3%
21.1%
% CHANGE
ç
21
2022
YTD
ç
22
% CHANGE
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
100%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
7.33
0.82
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
5.00
2.40
12
INVENTORY
AVG SALES PER MONTH
6
2.33
$3,000,000 AND UP
MONTH’S SUPPLY
2.57
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History CHATHAM TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
250 200
$1,000,000
150 100
$500,000
50 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
CHESTER BORO FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
2
3
-33.3%
$1,180,000
$1,882,000
-37.3%
MEDIAN SALE PRICE
$590,000
$587,000
0.5%
AVERAGE SALE PRICE
$590,000
$627,333
-6%
17
56
-69.6%
101%
99.7%
1.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
2022
% CHANGE
3
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
2
YTD
2021
$1,000,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
33.3%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.67
0.00
INVENTORY
0
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History CHESTER BORO # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$800,000
40
$600,000
30
$400,000
20
$200,000
10
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
CHESTER TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
18
34
-47.1%
$16,429,500
$23,963,300
-31.4%
MEDIAN SALE PRICE
$815,500
$614,500
32.7%
AVERAGE SALE PRICE
$912,750
$704,802
29.5%
89
89
0%
100.3%
98.6%
1.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
30
2022
2021
YTD
% CHANGE
6
3
YTD
ç
12
% CHANGE
2022
2021
YTD
% CHANGE
0
1
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999 YTD
100%
60%
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
100%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
4.00
0.75
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
2.00
2.00
4
INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
2
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History CHESTER TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,250,000
200
$1,000,000
150
$750,000 100 $500,000 50
$250,000 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
CLINTON TOWN FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
9
15
-40%
$4,278,000
$5,904,500
-27.5%
MEDIAN SALE PRICE
$400,000
$365,000
9.6%
AVERAGE SALE PRICE
$475,333
$393,633
20.8%
28
32
-12.5%
98.2%
4.9%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2022
% CHANGE
15
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
9
YTD
2021
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
40%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
3.00
0.67
INVENTORY
0
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History CLINTON TOWN # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$600,000
60
$400,000
40
$200,000
20
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
CLINTON TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
34
53
-35.8%
$18,119,436
$26,021,240
-30.4%
MEDIAN SALE PRICE
$560,000
$490,000
14.3%
AVERAGE SALE PRICE
$532,924
$490,966
8.5%
36
50
-28%
102.2%
99.4%
2.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
34
52
% CHANGE
2022
2021
YTD
% CHANGE
0
1
YTD
ç
2021
ç
YTD
2022
34.6%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
100%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
14
AVG SALES PER MONTH
MONTH’S SUPPLY
11.33
1.24
INVENTORY
1
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History CLINTON TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$800,000
250 200
$600,000
150 $400,000 100 $200,000
$0
© 2022 Turpin Realtors
50
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
FAR HILLS FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
6
5
20%
$13,785,000
$5,103,497
170.1%
MEDIAN SALE PRICE
$1,187,500
$755,000
57.3%
AVERAGE SALE PRICE
$2,297,500
$1,020,699
125.1%
92
6.5%
89.1%
3.1%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
98
% SALES PRICE TO LIST PRICE
91.9%
Sales by Price $0-$999,999 % CHANGE
2021
YTD
% CHANGE
1
2
YTD
NC
3
2022
$2,000,000-$2,999,999 2022
2021
YTD
% CHANGE
0
0
NC
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
2
0
% CHANGE
ç
3
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
50%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
1.00
2.00
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.33
0.00
0
INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
0
INVENTORY
2
AVG SALES PER MONTH
0.67
MONTH’S SUPPLY
3.00
10 Year Market History FAR HILLS # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$3,000,000
25 20
$2,000,000
15 10
$1,000,000
5 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
FLORHAM PARK FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
24
29
-17.2%
$24,915,392
$22,104,900
12.7%
$895,000
$670,000
33.6%
$1,038,141
$762,237
36.2%
43
70
-38.6%
99.9%
98.4%
1.6%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
15
23
% CHANGE
2022
2021
YTD
% CHANGE
9
6
YTD
ç
2021
ç
YTD
2022
$2,000,000-$2,999,999
$1,000,000-$1,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
50%
34.8%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
10
AVG SALES PER MONTH
MONTH’S SUPPLY
5.00
2.00
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
3.00
1.33
4
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History FLORHAM PARK # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
150
$1,000,000
100
$500,000
$0
© 2022 Turpin Realtors
50
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
HARDING TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
16
10
60%
$23,882,500
$13,913,250
71.7%
MEDIAN SALE PRICE
$1,382,500
$1,472,500
-6.1%
AVERAGE SALE PRICE
$1,492,656
$1,391,325
7.3%
77
80
-3.8%
96.3%
99.7%
-3.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 % CHANGE
YTD
% CHANGE
11
6
2022
2021
YTD
% CHANGE
0
1
YTD
83.3%
YTD
YTD
2022
2021
2
0
% CHANGE
ç
2021
YTD
NC
3
2022
$3,000,000 AND UP
$2,000,000-$2,999,999
ç
3
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
100%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
1.00
3.00
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
3.67
0.55
2
INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.00
∞
11
0.67
3
MONTH’S SUPPLY
16.50
10 Year Market History HARDING # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$2,500,000
100
$2,000,000
75
$1,500,000 50 $1,000,000 25
$500,000 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
LEBANON BORO FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
12
9
33.3%
$4,201,000
$3,114,027
34.9%
MEDIAN SALE PRICE
$297,500
$305,000
-2.5%
AVERAGE SALE PRICE
$350,083
$346,003
1.2%
28
36
-22.2%
99.4%
2.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2022
% CHANGE
9
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
12
YTD
2021
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
33.3%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
4.00
0.50
INVENTORY
0
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History LEBANON BORO # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$500,000
40
$400,000
30
$300,000 20 $200,000 10
$100,000 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
LEBANON TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
17
20
-15%
$7,402,050
$8,594,800
-13.9%
MEDIAN SALE PRICE
$465,000
$362,500
28.3%
AVERAGE SALE PRICE
$435,414
$429,740
1.3%
45
44
2.3%
98.7%
99.5%
-0.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
17
20
% CHANGE
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
2022
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
15%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
9
AVG SALES PER MONTH
MONTH’S SUPPLY
5.67
1.59
INVENTORY
1
AVG SALES PER MONTH
$2,000,000-$2,999,999
MONTH’S SUPPLY
∞
0.00
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History LEBANON TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$600,000
100
75 $400,000 50 $200,000 25
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
LONG HILL TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
22
20
10%
$13,962,500
$12,511,000
11.6%
MEDIAN SALE PRICE
$610,000
$581,250
4.9%
AVERAGE SALE PRICE
$634,659
$625,550
1.5%
33
48
-31.3%
103.5%
100.1%
3.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
21
18
% CHANGE
2022
2021
YTD
% CHANGE
1
2
YTD
ç
2021
ç
YTD
2022
16.7%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
50%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
7.00
0.86
INVENTORY
0
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.33
0.00
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History LONG HILL TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$800,000
150
$600,000 100 $400,000 50 $200,000
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
MADISON FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
35
34
2.9%
$38,207,900
$34,185,920
11.8%
$890,000
$942,500
-5.6%
$1,091,654
$1,005,468
8.6%
24
40
-40%
99.3%
98.1%
1.2%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
10
15
2022
2021
YTD
% CHANGE
3
0
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
1
0
% CHANGE
ç
19
2022
YTD
ç
21
% CHANGE
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
33.3%
10.5%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
7.00
0.71
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
3.33
0.60
2
INVENTORY
AVG SALES PER MONTH
1
1.00
$3,000,000 AND UP
MONTH’S SUPPLY
1.00
INVENTORY
0
AVG SALES PER MONTH
0.33
MONTH’S SUPPLY
0.00
10 Year Market History MADISON # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
250 200
$1,000,000
150 100
$500,000
50 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
MAPLEWOOD FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
45
74
-39.2%
$36,239,092
$52,484,352
-31%
MEDIAN SALE PRICE
$725,000
$652,500
11.1%
AVERAGE SALE PRICE
$805,313
$709,248
13.5%
28
35
-20%
113.4%
107.2%
5.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
61
2022
2021
YTD
% CHANGE
16
12
YTD
ç
29
% CHANGE
2022
2021
YTD
% CHANGE
0
1
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999 YTD
33.3%
52.5%
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
100%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
19
AVG SALES PER MONTH
MONTH’S SUPPLY
9.67
1.97
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
5.33
0.19
1
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History MAPLEWOOD # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,000,000
500 400
$750,000
300 $500,000 200 $250,000
$0
© 2022 Turpin Realtors
100
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
MENDHAM BORO FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
12
25
-52%
$8,336,000
$15,358,888
-45.7%
MEDIAN SALE PRICE
$715,000
$575,000
24.3%
AVERAGE SALE PRICE
$694,666
$614,355
13.1%
24
55
-56.4%
100%
98.8%
1.2%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
10
24
% CHANGE
2022
2021
YTD
% CHANGE
2
1
YTD
ç
2021
ç
YTD
2022
58.3%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
100%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
3.33
0.90
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.67
1.50
1
INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
1
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History MENDHAM BORO # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,000,000
$750,000
75
$500,000
50
$250,000
25
$0
© 2022 Turpin Realtors
100
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
MENDHAM TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
24
27
-11.1%
$33,072,400
$27,766,200
19.1%
MEDIAN SALE PRICE
$1,147,500
$800,000
43.4%
AVERAGE SALE PRICE
$1,378,016
$1,028,377
34%
52
56
-7.1%
97.7%
2.6%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
10
8
2022
2021
YTD
% CHANGE
2
0
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
2
1
25%
44.4%
% CHANGE
ç
18
2022
YTD
ç
10
% CHANGE
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
100%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
3.33
0.30
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
3.33
1.50
5
INVENTORY
AVG SALES PER MONTH
3
0.67
$3,000,000 AND UP
MONTH’S SUPPLY
4.50
INVENTORY
1
AVG SALES PER MONTH
0.67
MONTH’S SUPPLY
1.50
10 Year Market History MENDHAM TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$2,000,000
150
$1,500,000 100 $1,000,000 50 $500,000
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
MILLBURN FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
58
72
-19.4%
$82,354,512
$98,168,752
-16.1%
MEDIAN SALE PRICE
$1,301,504
$1,177,500
10.5%
AVERAGE SALE PRICE
$1,419,905
$1,363,454
4.1%
35
50
-30%
102.2%
98.9%
3.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
29
31
2022
2021
YTD
% CHANGE
8
10
YTD
6.5%
37.9%
$3,000,000 AND UP YTD
YTD
2022
2021
3
2
% CHANGE
ç
29
2022
YTD
ç
18
% CHANGE
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
20%
50%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
6.00
MONTH’S SUPPLY
0.67
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9.67
1.24
12
INVENTORY
AVG SALES PER MONTH
8
2.67
MONTH’S SUPPLY
3.00
INVENTORY
AVG SALES PER MONTH
12
1.00
MONTH’S SUPPLY
12.00
10 Year Market History MILLBURN # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$2,000,000
500 400
$1,500,000
300 $1,000,000 200 $500,000
$0
© 2022 Turpin Realtors
100
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
MORRIS PLAINS FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
17
23
-26.1%
$9,953,053
$11,647,399
-14.5%
MEDIAN SALE PRICE
$570,000
$525,900
8.4%
AVERAGE SALE PRICE
$585,473
$506,408
15.6%
26
41
-36.6%
101.5%
0.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
17
23
% CHANGE
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
2022
$2,000,000-$2,999,999 2022
2021
YTD
% CHANGE
0
0
NC
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
0
0
% CHANGE NC
26.1%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
9
AVG SALES PER MONTH
MONTH’S SUPPLY
5.67
1.59
INVENTORY
0
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History MORRIS PLAINS # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$800,000
125 100
$600,000
75 $400,000 50 $200,000
$0
© 2022 Turpin Realtors
25
2013
2014
2015
2016
2017*
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
MORRIS TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
84
85
-1.2%
$60,179,668
$58,709,336
2.5%
MEDIAN SALE PRICE
$677,400
$650,000
4.2%
AVERAGE SALE PRICE
$716,424
$690,698
3.7%
35
45
-22.2%
102.2%
99.3%
3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
76
2022
2021
YTD
% CHANGE
8
9
YTD
1.3%
2022
2021
YTD
% CHANGE
0
0
NC
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
1
0
% CHANGE
ç
75
% CHANGE
ç
2021
ç
YTD
2022
$2,000,000-$2,999,999
11.1%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
11
AVG SALES PER MONTH
MONTH’S SUPPLY
25.00
0.44
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
2.67
0.75
2
INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
1
INVENTORY
0
AVG SALES PER MONTH
0.33
MONTH’S SUPPLY
N/A
10 Year Market History MORRIS TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,000,000
500 400
$750,000
300 $500,000 200 $250,000
$0
© 2022 Turpin Realtors
100
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
MORRISTOWN FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
42
48
-12.5%
$26,131,940
$25,936,400
0.8%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE
$547,500
$542,500
0.9%
AVERAGE SALE PRICE
$622,189
$540,341
15.1%
39
54
-27.8%
99.3%
1.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
38
46
% CHANGE
2022
2021
YTD
% CHANGE
4
2
YTD
ç
2021
ç
YTD
2022
$3,000,000 AND UP
$2,000,000-$2,999,999 2022
2021
YTD
% CHANGE
0
0
NC
YTD
YTD
YTD
2022
2021
0
0
% CHANGE NC
100%
17.4%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
12
AVG SALES PER MONTH
MONTH’S SUPPLY
12.67
0.95
INVENTORY
4
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
3.00
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History MORRISTOWN # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$800,000
250 200
$600,000
150 $400,000 100 $200,000
$0
© 2022 Turpin Realtors
50
2013
2014
2015
2016
2017
2018
2019*
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
MOUNTAIN LAKES FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
8
16
-50%
$7,468,000
$13,012,000
-42.6%
MEDIAN SALE PRICE
$880,000
$805,500
9.2%
AVERAGE SALE PRICE
$933,500
$813,250
14.8%
54
44
22.7%
99.4%
98.4%
1%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
2022
% CHANGE
YTD
ç
5
YTD
2021
13
$2,000,000-$2,999,999
$1,000,000-$1,999,999 YTD
2022
2021
3
3
% CHANGE
2022
2021
YTD
% CHANGE
0
0
NC
YTD
NC
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
61.5%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
1.67
2.40
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
1.00
3.00
1
3
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
∞
0.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History MOUNTAIN LAKES # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
125 100
$1,000,000
75 50
$500,000
25 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
NEW PROVIDENCE FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
34
34
0%
$24,907,560
$21,811,700
14.2%
MEDIAN SALE PRICE
$695,000
$642,600
8.2%
AVERAGE SALE PRICE
$732,575
$641,520
14.2%
29
35
-17.1%
105%
99.4%
5.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
30
33
% CHANGE
2022
2021
YTD
% CHANGE
4
1
YTD
ç
2021
ç
YTD
2022
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
300%
9.1%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
10.00
0.60
INVENTORY
AVG SALES PER MONTH
1
1.33
$2,000,000-$2,999,999
MONTH’S SUPPLY
INVENTORY
0.75
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
INVENTORY
0
N/A
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History NEW PROVIDENCE # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,000,000
250 200
$750,000
150 $500,000 100 $250,000
$0
© 2022 Turpin Realtors
50
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
PEAPACK-GLADSTONE FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
6
16
-62.5%
$6,646,849
$15,157,125
-56.1%
$950,000
$717,500
32.4%
$1,107,808
$947,320
16.9%
37
82
-54.9%
95.6%
96.4%
-0.9%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999
2021
YTD
% CHANGE
1
3
YTD
2022
2021
YTD
% CHANGE
1
0
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
0
1
66.7%
66.7%
% CHANGE
ç
12
2022
$2,000,000-$2,999,999
ç
% CHANGE
ç
4
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
100%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
4.50
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
0.33
6.00
2
INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.33
0.00
0
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History PEAPACK-GLADSTONE # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
50 40
$1,000,000
30 20
$500,000
10 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
RANDOLPH TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
62
58
6.9%
$39,557,888
$34,305,500
15.3%
MEDIAN SALE PRICE
$595,000
$553,750
7.4%
AVERAGE SALE PRICE
$638,030
$591,474
7.9%
38
39
-2.6%
103.7%
100.2%
3.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
58
55
% CHANGE
2022
2021
YTD
% CHANGE
4
3
YTD
ç
2021
ç
YTD
2022
$1,000,000-$1,999,999
5.5%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
33.3%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
26
AVG SALES PER MONTH
MONTH’S SUPPLY
19.33
1.34
INVENTORY
1
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
0.75
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History RANDOLPH # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$800,000
400
$600,000
300
$400,000
200
$200,000
100
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
READINGTON TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
47
60
-21.7%
$23,094,162
$30,365,650
-23.9%
MEDIAN SALE PRICE
$465,000
$487,500
-4.6%
AVERAGE SALE PRICE
$491,365
$506,094
-2.9%
47
63
-25.4%
98.8%
3.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
46
60
% CHANGE
2022
2021
YTD
% CHANGE
1
0
YTD
ç
2021
ç
YTD
2022
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
23.3%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
19
AVG SALES PER MONTH
MONTH’S SUPPLY
15.33
1.24
INVENTORY
1
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
0.33
3.00
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History READINGTON TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$800,000
300
$600,000 200 $400,000 100 $200,000
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
SUMMIT FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
51
70
-27.1%
$62,201,056
$75,554,000
-17.7%
$900,000
$932,250
-3.5%
$1,219,628
$1,079,342
13%
27
46
-41.3%
102.7%
99.1%
3.7%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
12
26
2022
2021
YTD
% CHANGE
10
3
YTD
53.8%
25.6%
$3,000,000 AND UP YTD
YTD
2022
2021
0
2
233.3%
% CHANGE
ç
39
2022
YTD
ç
29
% CHANGE
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
100%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
14
AVG SALES PER MONTH
MONTH’S SUPPLY
9.67
1.45
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
4.00
3.50
14
INVENTORY
AVG SALES PER MONTH
4
3.33
$3,000,000 AND UP
MONTH’S SUPPLY
1.20
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History SUMMIT # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
500 400
$1,000,000
300 200
$500,000
100 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
TEWKSBURY TWP. FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
23
26
-11.5%
$21,817,000
$19,965,176
9.3%
MEDIAN SALE PRICE
$851,000
$749,500
13.5%
AVERAGE SALE PRICE
$948,565
$767,891
23.5%
91
72
26.4%
99.3%
97.5%
1.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
16
23
% CHANGE
2022
2021
YTD
% CHANGE
7
3
YTD
ç
2021
ç
YTD
2022
30.4%
$3,000,000 AND UP
$2,000,000-$2,999,999 2022
2021
YTD
% CHANGE
0
0
NC
YTD
2022
2021
% CHANGE
0
0
NC
YTD
YTD
133.3%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
13
AVG SALES PER MONTH
MONTH’S SUPPLY
5.33
2.44
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
2.33
3.43
3
8
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
∞
0.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History TEWKSBURY # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,250,000
200
$1,000,000
150
$750,000 100 $500,000 50
$250,000 $0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
WARREN FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
46
52
-11.5%
$48,199,892
$46,111,400
4.5%
$960,000
$700,000
37.1%
$1,047,823
$886,757
18.2%
AVERAGE DAYS ON MARKET
62
62
0%
% SALES PRICE TO LIST PRICE
97%
97.2%
-0.2%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
27
37
% CHANGE
2022
2021
YTD
% CHANGE
17
13
YTD
ç
2021
ç
YTD
2022
27%
$3,000,000 AND UP
$2,000,000-$2,999,999 2022
2021
YTD
% CHANGE
2
2
NC
YTD
2022
2021
% CHANGE
0
0
NC
YTD
YTD
30.8%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
11
AVG SALES PER MONTH
MONTH’S SUPPLY
9.00
1.22
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
5.67
1.94
11
INVENTORY
AVG SALES PER MONTH
6
0.67
$3,000,000 AND UP
MONTH’S SUPPLY
9.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History WARREN # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
300
$1,000,000
200
$500,000
100
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
38
53
-28.3%
$21,250,800
$25,290,800
-16%
MEDIAN SALE PRICE
$548,250
$435,000
26%
AVERAGE SALE PRICE
$559,231
$477,184
17.2%
29
32
-9.4%
105.8%
100.8%
4.9%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
35
53
% CHANGE
2022
2021
YTD
% CHANGE
3
0
YTD
ç
2021
ç
YTD
2022
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
34%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
27
AVG SALES PER MONTH
MONTH’S SUPPLY
11.67
2.31
INVENTORY
3
AVG SALES PER MONTH
$2,000,000-$2,999,999
MONTH’S SUPPLY
∞
1.00
INVENTORY
AVG SALES PER MONTH
0
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History WASHINGTON TOWNSHIP # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$800,000
300
$600,000 200 $400,000 100 $200,000
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017
2018
2019
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
WATCHUNG FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
23
32
-28.1%
$21,191,940
$25,641,924
-17.4%
MEDIAN SALE PRICE
$799,000
$690,000
15.8%
AVERAGE SALE PRICE
$921,388
$801,310
15%
59
66
-10.6%
99.6%
97.1%
2.6%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
24
2022
2021
YTD
% CHANGE
4
8
YTD
ç
17
% CHANGE
2022
2021
YTD
% CHANGE
2
0
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999 YTD
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
50%
29.2%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
5.67
1.41
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
6.00
8
INVENTORY
AVG SALES PER MONTH
1
0.67
$3,000,000 AND UP
MONTH’S SUPPLY
1.50
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History WATCHUNG # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,250,000
125
$1,000,000
100
$750,000
75
$500,000
50
$250,000
25
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
WESTFIELD FIRST QUARTER MARKET REPORT 2022
Overview Q1 2022
Q1 2021
% CHANGE
76
105
-27.6%
$73,789,024
$98,719,752
-25.3%
MEDIAN SALE PRICE
$860,000
$850,000
1.2%
AVERAGE SALE PRICE
$970,908
$940,188
3.3%
38
48
-20.8%
103.7%
99.1%
4.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
72
2022
2021
YTD
% CHANGE
26
29
YTD
YTD
% CHANGE
YTD
2022
2021
1
4
10.3%
31.9%
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
ç
49
% CHANGE
ç
2021
ç
YTD
2022
$2,000,000-$2,999,999
YTD
75%
Supply and Demand (as of March 31, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
9
AVG SALES PER MONTH
MONTH’S SUPPLY
16.33
0.55
INVENTORY
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
8.67
1.15
3
10
AVG SALES PER MONTH
0.33
$3,000,000 AND UP
MONTH’S SUPPLY
9.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History WESTFIELD # OF HOMES SOLD THRU 1st QTR
# OF HOMES SOLD FULL YEAR
AVERAGE SALES PRICE FULL YR
$1,500,000
600
$1,000,000
400
$500,000
200
$0
© 2022 Turpin Realtors
2013
2014
2015
2016
2017*
2018
2019*
Subject to Errors and Omissions
2020
2021
2022
0
Source: GSMLS 4/11/22 & Trendgraphix
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