NORTH CENTRAL NEW JERSEY
MARKET REPORT 2021 THIRD QUARTER
THIRD QUARTER MARKET REPORT 2021
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 10/11/21. 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
REGIONAL RESULTS – SEPTEMBER 2021 Essex and Union Counties (partial) Hunterdon County
Morris County Somersert County
RESULTS BY TOWN - 2021 THIRD QUARTER 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: 3 Rocky Glen Way, Tewksbury Twp.
Morris Twp. Morristown Mountain Lakes New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
COMMENTARY This report represents our first year-over-year comparison of two “post-lockdown” quarters and I am pleased to advise that the real estate market in north central New Jersey remains brisk, even as it settles into a more measured pace. While county-level data illustrates a cooling market as compared to the same period last year, overall sales volume remains historically high and continues to exceed pre-pandemic averages. Individual towns exhibited a range of outcomes in the third quarter, as usual. Home sales under $1 million generally constitute the most robust segment of our market, however, they continue to be constrained by exceedingly tight supply. Indeed, of the towns we studied, 69% had a supply of only one or two months at the end of the third quarter, while another 13% had less than one month supply; we consider six months supply to be balanced. By comparison, at the end of pre-pandemic 2019, the vast majority of towns in our study (72%) had more than two months supply and 17% had more than six months supply. This shortage of supply is a major factor behind declines in transaction volume. In keeping with recent trends, the $1-2 million market segment continues to show tremendous growth. Year-to-date home sales increased more than 100% over 2020 in 16 of the 39 towns in this report, and in Bridgewater, Long Hill, Mendham Borough and Peapack-Gladstone, sales were up 200% or more. Madison, Maplewood, Chatham Borough, Morris Township, Mountain Lakes, Summit, and Westfield all reported less than one month supply, a stat that would have been hard to imagine for this price range a few years ago. Improvements have begun to take hold in the upper end as well, with an increase in sales of homes priced over $2 million in Bedminster, Bernards Township, Bernardsville, Chatham Borough, Far Hills, Madison, Summit, and Westfield. Of particular note in this segment are Harding Township (16 homes sold year-to-date, versus 8 in 2020) and Mendham Township (8 homes sold year-to-date, versus none in 2020), while the Chathams kept pace (24 this year versus 17 in 2020). Across the board, the north central New Jersey real estate market continues to look bright. Declines noted are largely due to inventory shortages and nevertheless still outpace pre-pandemic averages. I invite you to call upon one of our talented Realtors to help you assess the particulars of your own real estate needs. It would be our pleasure to assist with anything from sending neighborhood activity reports to your inbox to meeting for a personalized consultation or market analysis.
John Turpin, President www.TurpinRealtors.com/Reports © 2021 Turpin Realtors
Source: GSMLS and TrendGraphix
ESSEX & UNION COUNTY MUNICIPALITIES* SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES July 2020 - September 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
300%
Change from Last Year
200%
100%
0%
Se p
Au g
ly Ju
ne Ju
y Ma
Ap r.
.
r. Ma
Fe b
n. Ja
c. De
v. No
.
.
Oc t.
Se p
Au g
Ju
l.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$1000,000
Median Sold Price
$750,000
$500,000
$250,000
/18 1/1 9 3/1 9 5/1 9 7/1 9 9/1 9 11 /19 1/2 0 3/2 0 5/2 0 7/2 0 9/2 0 11 /20 1/2 1 3/2 1 5/2 1 7/2 1 9/2 1
11
9/1
8
$0
* Berkeley Heights Twp, Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/12/21 & Trendgraphix
ESSEX & UNION COUNTY MUNICIPALITIES* SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES Sept. 2021
% Change
Homes For Sale
511
848 -39.70%
New Listing
422
604 -30.10%
Contracts Pended
306
430 -28.80%
Homes Sold
361
541 -33.30%
Days on Market
UNDER $1 MILLION Sept. 2021
Sept. 2020
Sept. 2020
25
32
-21.88%
$1,000,000 - $1,999,999 MILLION % Change
Sept. 2021
Sept. 2020
% Change
Homes for Sale
382 569 -33%
Homes for Sale
89
193 -54%
New Listing
346 477 -28%
New Listing
62
104 -40%
Contracts Pended
250 335 -25%
Contracts Pended
49
78 -37%
Homes Sold
261 438 -40%
Homes Sold
91 91 NC
Days on Market
25
Days on Market
26
31
-16%
$2,000,000 - $2,999,999 MILLION Sept. 2021
Sept. 2020
31 -19%
$3 MILLION+
% Change
Sept. 2021
Sept. 2020
16
% Change
For Sale
24
58 -59%
For Sale
28 -43%
New Listing
11
14 -21%
New Listing
3
9
-67%
Contracts Pended
5
14
-64%
Contracts Pended
2
3
-33%
Homes Sold
5
10
-50%
Homes Sold
4
2
100%
Days on Market
31
7 343%
Days on Market
© 2021 Turpin Realtors
18
68 -74%
Subject to Errors and Omissions
Source: GSMLS 10/12/21 & Trendgraphix
HUNTERDON COUNTY
SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES July 2020 - September 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
150%
Change from Last Year
100%
50%
0%
-50%
.
t. Se p
Au g
ly Ju
ne Ju
y Ma
Ap r.
r.
.
Ma
Fe b
n. Ja
c. De
v. No
.
Oc t.
.
Se p
Au g
Ju
l.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
© 2021 Turpin Realtors
5/2 0 7/2 0 9/2 0 11 /20 1/2 1 3/2 1 5/2 1 7/2 1 9/2 1
0 3/2
0 1/2
/19
9
11
9/1
9
9
9 7/1
5/1
3/1
1/1 9
/18
11
9/1
8
$0
Subject to Errors and Omissions
Source: GSMLS 10/12/21 & Trendgraphix
HUNTERDON COUNTY
SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES Sept. 2021
% Change
Homes For Sale
371 538 -31%
New Listing
176 310 -43%
Contracts Pended
157 245 -36%
Homes Sold
151 245 -38%
Days on Market
32
UNDER $1 MILLION Sept. 2021
Sept. 2020
Sept. 2020
64
-50%
$1,000,000 - $1,999,999 MILLION % Change
Sept. 2021
Sept. 2020
Homes for Sale
310 472 -34%
Homes for Sale
New Listing
166 295 -44%
New Listing
9
11
-18%
Contracts Pended
152 238 -36%
Contracts Pended
3
7
-57%
Homes Sold
145 239 -39%
Homes Sold
6
5
20%
Days on Market
31
62
-50%
43
% Change
Days on Market
73
$2,000,000 - $2,999,999 MILLION Sept. 2021 For Sale New Listing
Sept. 2020
10
% Change
16 -38% 4
-75%
1
0
∞
Homes Sold
0
1
-100%
Days on Market
0
59
N/A
© 2021 Turpin Realtors
151 -52%
$3 MILLION+
1
Contracts Pended
46 -7%
Sept. 2021
Sept. 2020
% Change
For Sale
8
4 100%
New Listing
0
0 NC
Contracts Pended
1
0
Homes Sold
0
0 NC
Days on Market
0
0 N/A
Subject to Errors and Omissions
∞
Source: GSMLS 10/12/21 & Trendgraphix
MORRIS COUNTY
SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES July 2020 - September 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
Change from Last Year
200%
100%
0%
.
t. Se p
Au g
ly Ju
ne Ju
y Ma
Ap r.
r.
.
Ma
Fe b
n. Ja
c. De
v. No
.
Oc t.
.
Se p
Au g
Ju
l.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
© 2021 Turpin Realtors
5/2 0 7/2 0 9/2 0 11 /20 1/2 1 3/2 1 5/2 1 7/2 1 9/2 1
0 3/2
0 1/2
/19
9
11
9/1
9
9
9 7/1
5/1
3/1
1/1 9
/18
11
9/1
8
$0
Subject to Errors and Omissions
Source: GSMLS 10/12/21 & Trendgraphix
MORRIS COUNTY
SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES Sept. 2021
% Change
Homes For Sale
964 1453 -34%
New Listing
710 978 -27%
Contracts Pended
660 800 -18%
Homes Sold
602 758 -21%
Days on Market
29
UNDER $1 MILLION Sept. 2021
Sept. 2020
Sept. 2020
51
-43%
$1,000,000 - $1,999,999 MILLION % Change
Sept. 2021
Sept. 2020
% Change
Homes for Sale
798 1153 -31%
Homes for Sale
New Listing
637 872 -27%
New Listing
60
87
-31%
Contracts Pended
616 729 -16%
Contracts Pended
33
61
-46%
Homes Sold
545 716 -24%
Homes Sold
52
38
37%
Days on Market
33
55
-40%
Sept. 2020
% Change
Days on Market
28
50
-44%
122 229 -47%
$2,000,000 - $2,999,999 MILLION Sept. 2021 For Sale
Sept. 2020
23
$3 MILLION+
% Change
Sept. 2021
52 -56%
For Sale
21
19 11%
5
5
∞
New Listing
8
14
-43%
New Listing
Contracts Pended
8
7
14%
Contracts Pended
3
3
NC
Homes Sold
4
3
33%
Homes Sold
1
1
NC
Days on Market
© 2021 Turpin Realtors
39
32 22%
Days on Market
Subject to Errors and Omissions
20
125 -84%
Source: GSMLS 10/12/21 & Trendgraphix
SOMERSET COUNTY
SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES July 2020 - September 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
Change from Last Year
200%
100%
0%
.
t. Se p
Au g
ly Ju
ne Ju
y Ma
Ap r.
r. Ma
. Fe b
n. Ja
c. De
v. No
Oc t.
Se p
.
. Au g
Ju
l.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
© 2021 Turpin Realtors
5/2 0 7/2 0 9/2 0 11 /20 1/2 1 3/2 1 5/2 1 7/2 1 9/2 1
0 3/2
0 1/2
/19
9
11
9/1
9 7/1
9 5/1
9 3/1
1/1 9
8
11
9/1
/18
$0
Subject to Errors and Omissions
Source: GSMLS 10/12/21 & Trendgraphix
SOMERSET COUNTY
SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES Sept. 2021
Sept. 2020
Homes For Sale
595 941 -37%
New Listing
416 607 -31%
Contracts Pended
399 523 -24%
Homes Sold
419 476 -12%
Days on Market
28
46
UNDER $1 MILLION Sept. 2021
% Change
Sept. 2020
-39%
$1,000,000 - $1,999,999 % Change
Sept. 2021
Sept. 2020
% Change
Homes for Sale
458 758 -40%
Homes for Sale
99
147 -33%
New Listing
370 540 -31%
New Listing
38
59 -36%
Contracts Pended
371 487 -24%
Contracts Pended
26
34 -24%
Homes Sold
384 451 -15%
Homes Sold
34
24 42%
Days on Market
28
59 -53%
Days on Market
28
45
-38%
$2,000,000 - $2,999,999 Sept. 2021 For Sale
Sept. 2020
24
$3 MILLION+ % Change
18 33%
Sept. 2021 For Sale
Sept. 2020
14
% Change
18 -22%
New Listing
4
1
300%
New Listing
4
7
-43%
Contracts Pended
2
1
100%
Contracts Pended
0
1
-100%
Homes Sold
1
0
∞
Homes Sold
0
1
-100%
Days on Market
85
0 N/A
Days on Market
0
52
-100%
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/12/21 & Trendgraphix
BEDMINSTER THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
75
50
50%
$33,234,648
$23,505,000
41.4%
$96,954,784
$54,570,800
77.7%
MEDIAN SALE PRICE
$399,000
$399,000
0%
$390,000
$360,000
8.3%
AVERAGE SALE PRICE
$443,128
$470,100
-5.7%
$479,974
$423,029
13.5%
24
67
-64.2%
36
57
-36.8%
95.8% 4.6%
98.8%
96.7%
2.1%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.2%
YTD 2021
YTD 2020
202
% CHANGE
129 56.6%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
NC
3 3
55.6%
YTD
2020
3 0
% CHANGE
ç
ç
196 126
YTD
2020
$2,000,000-$2,999,999
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
0%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
22 21.78 1.01
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.33 12.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
8 0.33 24.00
INVENTORY
AVG SALES PER MONTH
7 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
BERKELEY HEIGHTS THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
68
75
-9.3%
$51,396,792
$52,140,648
-1.4%
MEDIAN SALE PRICE
$681,000
$685,000
-0.6%
$678,750
$610,000
11.3%
AVERAGE SALE PRICE
$755,835
$695,208
8.7%
$701,476
$640,181
9.6%
24
58
-58.6%
31
64
-51.6%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.3%
YTD 2021
YTD 2020
190
% CHANGE
140 35.7%
$133,280,624 $89,625,400 48.7%
98.9% 3.4%
101.7%
98.5% 3.3%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
175 133
YTD
2020
$2,000,000-$2,999,999
15 7
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
114.3%
31.6%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
22 19.44 1.13
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 1.67 0.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
BERNARDS TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
195
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 442
155 25.8%
$157,711,248 $106,033,696
48.7%
YTD 2020
% CHANGE
314 40.8%
$335,793,920 $205,412,288
63.5%
MEDIAN SALE PRICE
$774,000
$645,000
20%
$695,000
$630,000
10.3%
AVERAGE SALE PRICE
$808,775
$684,088
18.2%
$759,714
$654,179
16.1%
20
45
-55.6%
29
60
-51.7%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.2%
98.3% 2.9%
100.6%
97.4% 3.3%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
4 2
187.9%
22.6%
% CHANGE
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
1 0
ç
95 33
YTD
2020
ç
ç
ç
342 279
YTD
2020
$2,000,000-$2,999,999
100%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
27 38.00 0.71
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 10.56 1.61
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 0.44 4.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.11 0.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
BERNARDSVILLE THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
33
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 146
56 -41.1%
$28,891,400 $53,412,640 -45.9%
YTD 2020
% CHANGE
109 33.9%
$133,886,824 $93,263,528 43.6%
MEDIAN SALE PRICE
$700,000
$728,500 -3.9%
$771,250
$650,000
18.7%
AVERAGE SALE PRICE
$875,497
$953,797 -8.2%
$917,033
$855,628
7.2%
75 -21.3%
76
84
-9.5%
99.3% 94.6% 5%
98.4%
AVERAGE DAYS ON MARKET
59
% SALES PRICE TO LIST PRICE
94%
4.6%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
34 26
33.3%
YTD
2020
6 3
% CHANGE
ç
ç
ç
104 78
YTD
2020
$2,000,000-$2,999,999
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
2 2
NC
100%
0%
$2,000,000-$2,999,999
$3,000,000 AND UP
30.8%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 11.56 1.30
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 3.78 3.71
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.67 4.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.22 9.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
BOONTON TOWN THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
31
28
10.7%
$14,653,500
$10,803,400
MEDIAN SALE PRICE
$435,000
AVERAGE SALE PRICE
YTD 2020
% CHANGE
78
64
21.9%
35.6%
$37,640,400
$26,724,924
40.8%
$361,500
20.3%
$459,500
$402,000
14.3%
$472,693
$385,835
22.5%
$482,569
$417,576
15.6%
31
51
-39.2%
30
58
-48.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.7%
YTD 2021
99.4% 3.3%
102.3%
98.5% 3.9%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
78 64
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
0 0
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
21.9%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 8.67 1.96
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
BOONTON TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
23
21
9.5%
$16,395,400
$10,791,901
MEDIAN SALE PRICE
$718,000
AVERAGE SALE PRICE
YTD 2020
% CHANGE
52
46
13%
51.9%
$37,475,448
$21,257,300
76.3%
$505,000
42.2%
$719,750
$485,000
48.4%
$712,843
$513,900
38.7%
$720,681
$462,115
56%
39
43
-9.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.9%
YTD 2021
101.1% -0.2%
50
69 -27.5%
99.5% 98.5% 1%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
47 46
YTD
2020
$2,000,000-$2,999,999
5 0
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
2.2%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 5.22 1.34
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.56 7.20
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
BRIDGEWATER TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
200
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 491
210 -4.8%
$110,397,688 $103,681,456
6.5%
YTD 2020
% CHANGE
413 18.9%
$270,306,048 $202,851,776
33.3%
MEDIAN SALE PRICE
$542,000
$472,750
14.6%
$531,000
$475,000
11.8%
AVERAGE SALE PRICE
$551,988
$493,721
11.8%
$550,521
$491,166
12.1%
24
43
-44.2%
30
49
-38.8%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.2%
98.7% 3.6%
101.8% 98.8% 3%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2021
ç
15 5
ç
476 408
YTD
2021
$2,000,000-$2,999,999
16.7%
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
200%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
62 52.89 1.17
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 1.67 6.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
CALIFON THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
11
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021
YTD 2020
31
5 120%
% CHANGE
16 93.8%
$12,763,370 $5,251,520 143%
$5,015,100
$1,727,900
190.2%
MEDIAN SALE PRICE
$410,000
$350,000
17.1%
$410,000
$345,000
18.8%
AVERAGE SALE PRICE
$455,918
$345,580 31.9%
$411,721
$328,220
25.4%
AVERAGE DAYS ON MARKET
25
42 -40.5%
25
68
-63.2%
% SALES PRICE TO LIST PRICE
100.2%
100.4% -0.2%
100.5%
98.7% 1.9%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
31 16
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
0 0
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
93.8%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 3.44 1.45
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
CHATHAM BORO THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
38
58
-34.5%
$40,145,112
$54,804,924
-26.7%
$957,000
$830,638
15.2%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2021 144
$962,500
$796,000
84% 20.9%
$1,068,039 $899,005 18.8% 35
47
-25.5%
98.5% 3.3%
100.4%
98.1%
2.3%
42
101.7%
93 54.8%
-38.1%
26
% SALES PRICE TO LIST PRICE
% CHANGE
$153,797,744 $83,607,472
$1,056,450 $944,912 11.8%
AVERAGE DAYS ON MARKET
YTD 2020
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
56 28
YTD
2020
6 0
% CHANGE
ç
ç
ç
82 65
YTD
2020
$2,000,000-$2,999,999
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
100%
26.2%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 9.11 1.43
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 6.22 0.80
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.67 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
CHATHAM TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
62
76
-18.4%
$71,379,616
$79,903,120
-10.7%
HOMES SOLD TOTAL DOLLAR VOLUME
YTD 2021
YTD 2020
165
% CHANGE
139 18.7%
$190,306,192 $150,889,248
26.1%
MEDIAN SALE PRICE
$1,067,000 $975,000 9.4%
$1,090,000 $975,000 11.8%
AVERAGE SALE PRICE
$1,151,284 $1,051,356 9.5%
$1,153,370 $1,085,534 6.2%
AVERAGE DAYS ON MARKET
23
% SALES PRICE TO LIST PRICE
63
102.3%
29
-63.5%
97% 5.5%
58
100.7%
-50%
97.2% 3.6%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2021
3.8%
YTD
2020
16 16
% CHANGE NC
$3,000,000 AND UP YTD
2021
% CHANGE
2 1
0%
63.6%
YTD
2020
ç
ç
72 44
ç
75 78
YTD
2021
$2,000,000-$2,999,999
100%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
27 8.33 3.24
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 8.00 1.38
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 1.78 2.25
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.22 4.50
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
CHESTER BORO THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
7
10
-30%
$4,846,999
$5,987,009
-19%
MEDIAN SALE PRICE
$680,000
$566,750
20%
$635,500
$517,500 22.8%
AVERAGE SALE PRICE
$692,428
$598,700
15.7%
$631,493
$534,389 18.2%
26
106
-75.5%
34
94 -63.8%
102%
97.5%
4.6%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2021
YTD 2020
16
% CHANGE
18 -11.1%
$10,103,899 $9,619,009
89.8%
5%
97.7% -8.1%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
16 18
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
0 0
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
11.1%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 1.78 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
CHESTER TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
45
64
-29.7%
$37,362,256
$49,135,548
-24%
MEDIAN SALE PRICE
$752,554
$743,250
1.3%
$742,500
$699,950
6.1%
AVERAGE SALE PRICE
$830,272
$767,742
8.1%
$819,334
$712,713
15%
29
68
-57.4%
56
78
-28.2%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.9%
YTD 2021
YTD 2020
128
% CHANGE
112 14.3%
$104,874,864 $79,823,912 31.4%
98.1% 3.8%
100.2%
97.7% 2.6%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
32 15
YTD
2020
1 0
% CHANGE
ç
ç
ç
95 97
YTD
2020
$2,000,000-$2,999,999
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
113.3%
2.1%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 10.56 1.23
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 3.56 1.13
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 0.11 18.00
INVENTORY
AVG SALES PER MONTH
4 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
CLINTON TOWN THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
17
23
-26.1%
$6,827,500
$8,937,575
-23.6%
$16,221,000
$15,743,575
3%
MEDIAN SALE PRICE
$390,000
$362,700
7.5%
$376,500
$350,000
7.6%
AVERAGE SALE PRICE
$401,617
$388,590
3.4%
$405,525
$366,129
10.8%
22
66
-66.7%
26
61
-57.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.5%
YTD 2021
YTD 2020
40
97.7% 4.9%
% CHANGE
43 -7%
101.1%
97.9% 3.2%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
ç
40 43
YTD
2021
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
0 0
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
7%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 4.44 2.93
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
CLINTON TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
69
% CHANGE
YTD 2021 190
68 1.5%
% CHANGE
YTD 2020
166 14.5%
$36,708,168 $33,017,050 11.2%
$98,316,632
$75,399,024
30.4%
MEDIAN SALE PRICE
$495,000 $467,450 5.9%
$492,500
$436,250
12.9%
AVERAGE SALE PRICE
$532,002 $485,544 9.6%
$517,455
$454,211
13.9%
31
61
-49.2%
101.2%
98.2%
3%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
25
% SALES PRICE TO LIST PRICE
100%
54 -53.7% 99.2%
0.8%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2021
ç
ç
186 166
YTD
2021
$2,000,000-$2,999,999
4 0
YTD
2020
0 0
% CHANGE
$3,000,000 AND UP YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
12%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
22 20.67 1.06
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.44 6.75
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
FAR HILLS THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
3
5
-40%
$3,807,000
$4,810,000
$794,000
$625,000
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2020
% CHANGE
16
12
33.3%
-20.9%
$18,677,496
$10,236,000
82.5%
27%
$743,500
$675,000
10.1%
$1,269,000 $962,000 31.9%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2021
$1,167,343 $853,000 36.9%
58
141
-58.9%
88
92.3%
94.9%
-2.7%
92.8%
128
-31.3%
93%
-0.2%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
22.2%
2 0
% CHANGE
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
1 0
ç
2 3
YTD
2020
ç
ç
ç
11 9
YTD
2020
$2,000,000-$2,999,999
33.3%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 1.22 1.64
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.22 4.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.22 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.11 36.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
FLORHAM PARK THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
37
41
-9.8%
$30,303,832
$29,700,070
2%
$84,094,128
$54,784,201
53.5%
MEDIAN SALE PRICE
$718,000
$640,000
12.2%
$700,000
$652,000
7.4%
AVERAGE SALE PRICE
$819,022
$724,391
13.1%
$785,926
$711,483
10.5%
59 -40.7%
46
55
-16.4%
98.9% 98.9% 0%
99.2%
98.3%
0.9%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
35
% SALES PRICE TO LIST PRICE
YTD 2021
YTD 2020
107
% CHANGE
77 39%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
18 11
33.3%
YTD
2020
1 0
% CHANGE
ç
ç
ç
88 66
YTD
2020
$2,000,000-$2,999,999
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
63.6%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 9.78 1.53
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 2.00 5.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.11 9.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
HARDING TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
21
24
-12.5%
$34,144,000
$31,243,630
9.3%
HOMES SOLD TOTAL DOLLAR VOLUME
YTD 2020
% CHANGE
56
56
0%
$95,785,400
$70,918,320
35.1%
YTD 2021
MEDIAN SALE PRICE
$1,450,000 $965,000 50.3%
$1,482,500 $1,117,500 32.7%
AVERAGE SALE PRICE
$1,625,904 $1,301,817 24.9%
$1,710,453 $1,266,398 35.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
22
66
-66.7%
63
85
-25.9%
98.9%
94.4%
4.8%
96.6%
94.3%
2.4%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2021
8 7
9.5%
37%
% CHANGE
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
ç
23 21
YTD
2020
ç
ç
ç
17 27
YTD
2021
$2,000,000-$2,999,999
8 1
700%
14.3%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 1.89 2.65
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 2.56 2.35
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
5 0.89 5.63
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 0.89 10.13
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
LEBANON BORO THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
8
2
300%
$2,141,400
$575,000
HOMES SOLD TOTAL DOLLAR VOLUME
YTD 2020
% CHANGE
25
8
212.5%
272.4%
$8,284,427
$2,298,000
260.5%
YTD 2021
MEDIAN SALE PRICE
$245,750
$287,500 -14.5%
$305,000
$293,000
4.1%
AVERAGE SALE PRICE
$267,675
$287,500 -6.9%
$331,377
$287,250
15.4%
74 -45.9%
41
68
-39.7%
AVERAGE DAYS ON MARKET
40
% SALES PRICE TO LIST PRICE
98.9%
97.6% 1.3%
100.1%
97.8% 2.3%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
25 8
$2,000,000-$2,999,999
% CHANGE
YTD
2020
YTD
2021
NC
0 0
YTD
2020
0 0
% CHANGE
$3,000,000 AND UP YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
212.5%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 2.78 1.08
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
$2,000,000-$2,999,999 INVENTORY
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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
LEBANON TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
29
23
26.1%
$14,978,800
$8,389,189
MEDIAN SALE PRICE
$485,000
AVERAGE SALE PRICE
YTD 2020
% CHANGE
70
61
14.8%
78.5%
$34,014,200
$24,125,622
41%
$370,000
31.1%
$442,450
$385,000
14.9%
$516,510
$364,747
41.6%
$485,917
$395,502
22.9%
27
87
-69%
42
83
-49.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.2%
YTD 2021
98% 4.3%
101.1%
97% 4.3%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
ç
69 60
YTD
2021
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
1 1
15%
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
0%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 7.67 2.48
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.11 36.00
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
LONG HILL TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
47
51
-7.8%
$30,642,800
$30,316,520
1.1%
$74,868,344
$51,635,516
45%
MEDIAN SALE PRICE
$617,000
$556,500
10.9%
$617,000
$510,000
21%
AVERAGE SALE PRICE
$651,974
$594,441
9.7%
$651,029
$567,423
14.7%
31
62
-50%
32
75
-57.3%
97.4% 3.6%
101%
97.2%
3.9%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.8%
YTD 2021
YTD 2020
115
% CHANGE
91 26.4%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
108 89
YTD
2020
$2,000,000-$2,999,999
7 2
21.3%
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
250%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 12.00 1.08
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.78 2.57
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
MADISON THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
60
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 158
69 -13%
$56,301,776 $61,617,332 -8.6%
YTD 2020
% CHANGE
141 12.1%
$158,087,936 $120,806,736 $857,500
$722,000
30.9% 18.8%
MEDIAN SALE PRICE
$812,000
$725,000
12%
AVERAGE SALE PRICE
$938,362
$893,004
5.1%
30
40
-25%
32
52
-38.5%
98.7% 2.1%
99.9%
97.8%
2.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.8%
$1,000,556 $856,785 16.8%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
61 32
YTD
2020
6 3
90.6%
14.2%
% CHANGE
ç
ç
ç
91 106
YTD
2020
$2,000,000-$2,999,999
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
100%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 10.11 1.29
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 6.78 0.59
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 2.00 0.00
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
MAPLEWOOD THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
118
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021
YTD 2020
303
139 -15.1%
% CHANGE
276 9.8%
$233,785,344 $179,661,360
30.1%
$93,092,384
$98,456,080
-5.4%
MEDIAN SALE PRICE
$770,000
$740,000
4.1%
$765,000
$651,000
17.5%
AVERAGE SALE PRICE
$788,918
$708,317
11.4%
$771,568
$650,946
18.5%
19
21
-9.5%
21
27
-22.2%
106% 2.8%
109.5%
104%
5.3%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
108.9%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
54 22
YTD
2020
1 0
% CHANGE
ç
ç
ç
248 254
YTD
2020
$2,000,000-$2,999,999
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
145.5%
2.4%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
33 27.56 1.20
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 6.00 0.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.11 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
MENDHAM BORO THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
23
36
-36.1%
$23,606,500
$23,102,300
2.2%
$760,000
$572,500
32.8%
$677,500
$575,000 17.8%
$1,026,369
$641,730
59.9%
$819,726
$617,306 32.8%
70
45
55.6%
57
65 -12.3%
94.7%
96.5%
-1.8%
97.4%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2021
YTD 2020
76
% CHANGE
67 13.4%
$62,299,200 $41,359,500 50.6%
96.3% 1.2%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
11 3
1.6%
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
2 0
ç
ç
ç
63 64
YTD
2020
$2,000,000-$2,999,999
266.7%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 7.00 1.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 1.22 3.27
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
2 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.22 13.50
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
MENDHAM TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
41
46
-10.9%
$44,193,208
$40,901,000
$900,000
$872,500
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2020
% CHANGE
123
100
23%
8%
$138,627,584
$81,453,544
70.2%
3.2%
$955,100
$759,500
25.8%
YTD 2021
$1,077,883 $889,152 21.2%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
$1,127,053 $814,535 38.4%
41
53
-22.6%
61
66
-7.6%
98.2%
97.6%
0.6%
98.2%
96.5%
1.7%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
5 0
% CHANGE
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
3 0
ç
47 23
YTD
2020
ç
ç
ç
68 77
YTD
2020
$2,000,000-$2,999,999
104.3%
11.7%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 7.56 1.59
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 5.22 2.30
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.56 5.40
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.33 6.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
MILLBURN THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
119
125
-4.8%
$193,190,832
$185,254,848
4.3%
HOMES SOLD TOTAL DOLLAR VOLUME
YTD 2021
YTD 2020
316
% CHANGE
254 24.4%
$491,971,904 $351,572,896
39.9%
MEDIAN SALE PRICE
$1,400,000 $1,375,000 1.8%
$1,375,000 $1,226,500 12.1%
AVERAGE SALE PRICE
$1,623,452 $1,482,038 9.5%
$1,556,873 $1,384,145 12.5%
AVERAGE DAYS ON MARKET
24
% SALES PRICE TO LIST PRICE
42
37
-42.9%
101.1% 98.2% 3%
52
100.6%
-28.8%
97.8% 2.9%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2021
56 35
32.7%
5%
% CHANGE
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
ç
146 110
YTD
2020
ç
ç
ç
96 101
YTD
2021
$2,000,000-$2,999,999
18 8
125%
60%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 10.67 1.03
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 16.22 0.68
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
10 6.22 1.61
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 2.00 7.50
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
MORRIS PLAINS THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
26
22
18.2%
$14,722,612
$11,255,400
MEDIAN SALE PRICE
$567,500
AVERAGE SALE PRICE
YTD 2020
% CHANGE
75
58
29.3%
30.8%
$40,920,184
$28,928,468
41.5%
$502,500
12.9%
$550,000
$488,334
12.6%
$566,254
$511,609
10.7%
$545,602
$498,766
9.4%
23
28
-17.9%
27
43
-37.2%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.5% 99.5% 3%
YTD 2021
102.3%
98.6% 3.8%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
75 58
$2,000,000-$2,999,999
% CHANGE
YTD
2020
YTD
2021
NC
0 0
YTD
2020
0 0
% CHANGE
$3,000,000 AND UP YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
29.3%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 8.33 2.04
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
$2,000,000-$2,999,999 INVENTORY
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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
MORRIS TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
111
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 307
130 -14.6%
% CHANGE
YTD 2020
259 18.5%
$218,713,408 $167,384,800
30.7%
$80,842,784
$86,234,920
-6.3%
MEDIAN SALE PRICE
$692,000
$622,450
11.2%
$669,900
$610,000
9.8%
AVERAGE SALE PRICE
$728,313
$663,345
9.8%
$712,421
$646,273
10.2%
24
41
-41.5%
30
46
-34.8%
101.2% 99.1% 2%
101%
98.5%
2.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
32 20
14.6%
YTD
2020
1 0
% CHANGE
$3,000,000 AND UP YTD
2021
ç
ç
ç
274 239
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
60%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
43 30.44 1.41
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 3.56 0.84
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.11 9.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
MORRISTOWN THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
53
57
-7%
$26,581,800
$31,046,900
-14.4%
$84,471,192
$60,020,720
40.7%
MEDIAN SALE PRICE
$425,000
$461,000
-7.8%
$501,500
$441,250
13.7%
AVERAGE SALE PRICE
$501,543
$544,682
-7.9%
$548,514
$508,650
7.8%
27
50
-46%
37
45
-17.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.1%
97.9% 3.2%
YTD 2021
YTD 2020
154
% CHANGE
118 30.5%
100.2%
97.7% 2.6%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
9 4
YTD
2021
ç
ç
145 114
YTD
2020
$2,000,000-$2,999,999 YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
125%
27.2%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 16.11 0.93
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 1.00 7.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Source: GSMLS 10/11/21 & Trendgraphix
MOUNTAIN LAKES THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
32
37
-13.5%
$34,727,500
$30,440,760
14.1%
$975,000
$760,000
28.3%
$868,450
$737,500 17.8%
$1,085,234 $822,723 31.9%
$984,465
$835,507 17.8%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2021
% CHANGE
YTD 2020
84
68 23.5%
$82,695,136 $56,814,512 45.6%
31
80
-61.3%
39
83 -53%
97.6%
95.9%
1.8%
98.9%
95.5% 3.6%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
26 14
7.5%
YTD
2021
ç
ç
57 53
YTD
2020
$2,000,000-$2,999,999 YTD
2020
1 1
85.7%
% CHANGE
$3,000,000 AND UP YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
0%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 6.33 0.95
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 2.89 0.35
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.11 9.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2021 Turpin Realtors
Source: GSMLS 10/11/21 & Trendgraphix
NEW PROVIDENCE THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
62
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 157
62 0%
$47,002,512 $42,607,256 10.3%
YTD 2020
% CHANGE
114 37.7%
$114,302,216 $77,623,256 47.3%
MEDIAN SALE PRICE
$749,500 $652,000 15%
$707,000
$649,500
8.9%
AVERAGE SALE PRICE
$758,105
$687,213 10.3%
$728,039
$680,905
6.9%
50 -58%
24
51
-52.9%
AVERAGE DAYS ON MARKET
21
% SALES PRICE TO LIST PRICE
102.5%
99% 3.6%
102.3% 98.4% 4%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2021
ç
ç
142 106
YTD
2021
$2,000,000-$2,999,999
15 8
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
87.5%
34%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 15.78 0.63
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 1.67 1.20
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
PEAPACK-GLADSTONE THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
12
TOTAL DOLLAR VOLUME
$9,181,000
% CHANGE
YTD 2021 39
14 -14.3% $12,568,500
YTD 2020
% CHANGE
27 44.4%
-27%
$37,568,624 $23,144,500 62.3%
MEDIAN SALE PRICE
$645,000
$711,250 -9.3%
$725,000 $680,000 6.6%
AVERAGE SALE PRICE
$765,083
$897,750 -14.8%
$963,298
AVERAGE DAYS ON MARKET
25
29 -13.8%
51
60 -15%
% SALES PRICE TO LIST PRICE
99.8%
98.4% 1.5%
96.1%
95.1% 1.1%
$857,203 12.4%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
0 2
400%
17.4%
% CHANGE
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
2 0
ç
10 2
YTD
2020
ç
ç
ç
27 23
YTD
2020
$2,000,000-$2,999,999
100%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 3.00 2.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 1.11 2.70
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
1 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.22 0.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
RANDOLPH TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
97
130
-25.4%
$62,663,500
$74,631,056
-16%
MEDIAN SALE PRICE
$629,950
$555,000
13.5%
$625,000
$532,500
17.4%
AVERAGE SALE PRICE
$646,015
$574,085
12.5%
$630,742
$539,413
16.9%
47 -51.1%
32
52
-38.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
23
% SALES PRICE TO LIST PRICE
102%
YTD 2021
YTD 2020
245
% CHANGE
240 2.1%
$154,531,936 $129,459,336
99.1% 3%
101.8%
19.4%
98.6% 3.2%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE NC
YTD
2020
% CHANGE
YTD
2021
ç
237 237
YTD
2021
$2,000,000-$2,999,999
8 3
0%
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
166.7%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
35 26.33 1.33
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.89 4.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
READINGTON TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021
Q3 2020
% CHANGE
77
79
-2.5%
$41,817,028
$41,259,876
1.4%
MEDIAN SALE PRICE
$545,000
$545,000
0%
$508,000
$475,000
6.9%
AVERAGE SALE PRICE
$543,078
$522,276
4%
$532,222
$473,579
12.4%
26
60
-56.7%
40
63
-36.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2021
YTD 2020
219
% CHANGE
187 17.1%
$116,556,784 $88,559,440 31.6%
103.9% 98.9% 5%
101.8%
99% 2.9%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
216 187
YTD
2020
$2,000,000-$2,999,999
3 0
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
15.5%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
32 24.00 1.33
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.33 12.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
SUMMIT THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
108
TOTAL DOLLAR VOLUME
$141,382,096
% CHANGE
$177,680,416
-20.4%
$1,145,000 $1,050,000
AVERAGE SALE PRICE
$1,309,093 $1,225,382 6.8% 26
% SALES PRICE TO LIST PRICE
36
YTD 2020
324
145 -25.5%
MEDIAN SALE PRICE
AVERAGE DAYS ON MARKET
YTD 2021
% CHANGE
264 22.7%
$398,188,832 $294,911,520
9%
$1,082,500 $965,000 12.2% $1,228,977 $1,117,089 32
-27.8%
100.8% 98.9% 2%
35%
46
100.9%
10% -30.4%
98%
3%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
34 19
22.5%
12.3%
% CHANGE
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
ç
125 102
YTD
2020
ç
ç
ç
155 138
YTD
2020
$2,000,000-$2,999,999
10 5
78.9%
100%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 17.22 1.10
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 13.89 0.94
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
5 3.78 1.32
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 1.11 0.90
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
TEWKSBURY TWP. THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
39
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 107
51 -23.5%
$34,778,500 $38,166,728 -8.9%
YTD 2020
% CHANGE
108 -0.9%
$91,658,528
$72,241,936
26.9%
MEDIAN SALE PRICE
$770,000
$665,000 15.8%
$765,000
$612,000
25%
AVERAGE SALE PRICE
$891,756
$748,367 19.2%
$856,621
$668,906
28.1%
AVERAGE DAYS ON MARKET
34
86 -60.5%
% SALES PRICE TO LIST PRICE
98.1%
96.9% 1.2%
67
109 -38.5%
98.3%
96.8% 1.5%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
24 9
16.3%
YTD
2021
ç
ç
82 98
YTD
2020
$2,000,000-$2,999,999 YTD
2020
1 1
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
0%
166.7%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
23 9.11 2.52
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 2.67 4.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 0.11 36.00
INVENTORY
AVG SALES PER MONTH
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
WARREN THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
79
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 202
63 25.4%
$74,455,272 $50,657,732
47%
YTD 2020
% CHANGE
139 45.3%
$184,156,368 $107,771,440
70.9%
MEDIAN SALE PRICE
$875,000
$750,000 16.7%
$850,500
$730,000
16.5%
AVERAGE SALE PRICE
$942,471
$804,091 17.2%
$911,665
$775,334
17.6%
28
43 -34.9%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100%
96.7% 3.5%
43
60 -28.3%
99.2%
96.4% 2.9%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2020
3 1
163.6%
% CHANGE
ç
58 22
21.6%
YTD
2021
ç
ç
141 116
YTD
2020
$2,000,000-$2,999,999
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
200%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
22 15.67 1.40
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
22 6.44 3.41
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
5 0.33 15.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
94
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 221
95 -1.1%
$53,617,448 $47,708,200 12.4%
YTD 2020
% CHANGE
214 3.3%
$118,978,184 $103,725,616
14.7%
MEDIAN SALE PRICE
$576,500
$478,000
20.6%
$535,000
$463,750
15.4%
AVERAGE SALE PRICE
$570,398
$502,191
13.6%
$538,362
$484,699
11.1%
24
62
-61.3%
28
70
-60%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
103.6%
98.9% 4.8%
103.1%
98% 5.2%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
219 212
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
2 2
YTD
2020
0 0
% CHANGE NC
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
0%
3.3%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 24.33 1.15
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.22 18.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
WATCHUNG THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
22
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 81
30 -26.7%
$20,934,514 $27,077,320 -22.7%
YTD 2020
% CHANGE
58 39.7%
$71,393,440 $44,936,032 58.9%
MEDIAN SALE PRICE
$844,500
$663,500 27.3%
$800,000
$640,750 24.9%
AVERAGE SALE PRICE
$951,568 $902,577 5.4%
$881,400
$774,759 13.8%
AVERAGE DAYS ON MARKET
38
% SALES PRICE TO LIST PRICE
52
50 -24%
98.1% 95.3% 3%
55 -5.5%
97.8%
95.5% 2.3%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
24 11
YTD
2020
0 1
118.2%
23.9%
% CHANGE
ç
ç
ç
57 46
YTD
2020
$2,000,000-$2,999,999
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
0 0
NC
100%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 6.33 2.21
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 2.67 3.38
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
3 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
WESTFIELD THIRD QUARTER MARKET REPORT 2021
Overview Q3 2021 HOMES SOLD
Q3 2020
150
TOTAL DOLLAR VOLUME
% CHANGE
-0.6%
YTD 2020
406
174 -13.8%
$151,507,728 $152,384,768
% CHANGE
373 8.8%
$396,147,392 $317,994,432
24.6%
10.4%
$899,000
$785,000
14.5%
$1,010,051 $875,774 15.3%
$975,732
$852,532
14.5%
-52.2%
31
53
-41.5%
98.8% 2.8%
101%
98.3%
2.7%
$904,000
MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2021
AVERAGE DAYS ON MARKET
$818,750
22
% SALES PRICE TO LIST PRICE
46
101.5%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
10 2
38.3%
4.3%
% CHANGE
$3,000,000 AND UP YTD
2021
YTD
2020
% CHANGE
1 0
ç
130 94
YTD
2020
ç
ç
ç
265 277
YTD
2020
$2,000,000-$2,999,999
400%
Supply and Demand (as of September 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
39 29.44 1.32
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 14.44 0.90
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 1.11 3.60
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.11 0.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/11/21 & Trendgraphix
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