THIRD QUARTER MARKET REPORT 2023
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 asr eportedto GSMLS on 10/9/23. 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.
COMMENTARY Trends that have become entrenched in our North Central New Jersey real estate market—and indeed in many others across the country—persisted during the third quarter of 2023. Inventory remains severely constrained and, when combined with higher interest rates, is keeping sales depressed. At the regional level, the number of homes for sale in September was down 31% compared to 2022, which is nevertheless an improvement over August’s 40% year-over-year inventory decline. For historical perspective, inventory in our region this September is down 76% versus pre-pandemic September 2019. Similarly, the region’s pended sales in September fell 15% compared with September 2022, which is a smaller year-over-year decline than observed in prior months. Although higher interest rates have an obvious impact on buyer demand and purchasing power, they are also contributing to our critical lack of inventory. Specifically, it appears that many homeowners would rather put off moving than give up their historically low mortgage rates. As has been the case for several months, the hardest hit segment in our region is homes priced under $1 million, where new listings and contracts pended were both 20% below September 2022. That said, the higher price segments fared remarkably well year over year, especially $1-2 million, which seems to be the sweet spot in this market. While third quarter unit sales under $1 million declined in the vast majority of towns compared with 2022, Clinton and Morris Plains bucked that trend with impressive increases of 40% and 30%, respectively. Meanwhile, in the $2-3 million market, Florham Park and Morris Township showed improvement, but the real standout was Chatham, where third quarter sales were up 58% in the Township and 67% in the Borough as compared to 2022. Clearly we have further to go before our market returns to a semblance of normalcy. Nevertheless we remain optimistic for the long term prospects of our area, which offers a quality of life that continues to attract new buyers even in the face of economic headwinds. Because trends vary greatly from town to town, and even within the same town, this report contains aggregated county-level data for the month of September, in addition to granular results for 39 municipalities during the third quarter. With that in mind, I invite you to reach out to one of our knowledgeable sales agents who would be pleased to explain exactly what is happening in your neighborhood and arrange for you to receive regular updates via email.
John Turpin, President
www.TurpinRealtors.com/Reports © 2023 Turpin Realtors
Source: GSMLS and TrendGraphix
CONTENTS
REGIONAL RESULTS | SEPTEMBER 2023
Aggregated results for all of Hunterdon, Morris and Somerset counties, plus the following towns in Essex and Union counties: Berkeley Heights, Essex Fells, Livingston, Maplewood, Millburn, Montclair, Mountainside, New Providence, Scotch Plains, Summit, South Orange, West Orange and Westfield.
THIRD QUARTER MARKET REPORT 2023
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: 450 Old Chester Rd, Chester Twp
Morris Twp. Morristown Mountain Lakes New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
REGIONAL RESULTS | SEPTEMBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices
NEW LISTINGS TAKEN - MONTH OF SEPTEMBER Last 5 Years
2023
1,240
2022
1,498
1,758
2021
2020
2,499
2019
2,456
0
500
1000
1500
2000
2500
CURRENT INVENTORY - MONTH OF SEPTEMBER Last 5 Years
2023
1,440
2022
2,098
2,441
2021
2020
3,780
2019
6,053
0
2000
4000
6000
8000
This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Berkeley Heights Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp Union County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
REGIONAL RESULTS | SEPTEMBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices PENDED SALES (UNITS) - MONTH OF SEPTEMBER Last 5 Years 2023
964
2022
1,135
1,444
2021
2020
1,998
2019
1,317
0
500
1000
1500
2000
MEDIAN LIST PRICE, HOMES PENDED - MONTH OF SEPTEMBER Last 5 Years 2023
$680,800
2022
$614,200
$554,600
2021
2020
$578,700
2019
$482,100
0
200000
400000
600000
MONTHS SUPPLY, HOMES PENDED - MONTH OF SEPTEMBER Last 5 Years Months 2023
1.50
2022
1.80
1.70
2021
1.90
2020
4.60
2019 0
© 2023 Turpin Realtors
1
2
3
Subject to Errors and Omissions
4
5
* This report is inclusive of results from select municipalities in Essex and Union counties as detailed on the following page.
Source: GSMLS 10/9/23 & Trendgraphix
REGIONAL RESULTS | SEPTEMBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - Activity by Price
ALL PRICES Sept. 2023
Sept. 2022
% Change
Homes For Sale
1440
2098
-31%
New Listing
1240
1498
-17%
Contracts Pended
964
1135
-15%
Homes Sold
1006
1434
-30%
27
30
-10%
Days on Market
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
Sept. 2023
Sept. 2022
% Change
Sept. 2023
Sept. 2022
% Change
Homes For Sale
980
1569
-38%
Homes For Sale
305
378
-19%
New Listing
1001
1253
-20%
New Listing
184
204
-10%
Contracts Pended
803
1000
-20%
Contracts Pended
138
118
17%
Homes Sold
837
1259
-34%
Homes Sold
146
152
-4%
Days on Market
27
29
-7%
Days on Market
27
32
-16%
Sept. 2023
Sept. 2022
% Change
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
Sept. 2023
Sept. 2022
% Change
Homes For Sale
82
90
-9%
Homes For Sale
73
61
20%
New Listing
33
29
14%
New Listing
22
12
83%
Contracts Pended
17
13
31%
Contracts Pended
6
4
50%
Homes Sold
22
16
38%
Homes Sold
1
7
-86%
Days on Market
48
80
-40%
Days on Market
0
35
-100%
This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Berkeley Heights Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp Union County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
BEDMINSTER THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
44
58
-24.1%
102
137
-25.5%
$23,283,660
$33,483,148
-30.5%
$59,436,208
$110,703,912
-46.3%
MEDIAN SALE PRICE
$455,000
$438,825
3.7%
$475,000
$430,000
10.5%
AVERAGE SALE PRICE
$529,174
$577,295
-8.3%
$582,707
$808,057
-27.9%
AVERAGE DAYS ON MARKET
23
25
-8%
28
40
-30%
% SALES PRICE TO LIST PRICE
104.2%
101.4%
2.7%
100.6%
99.2%
1.3%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
2023
2022
92
119
ç
9
8
YTD
% CHANGE
YTD
2022
YTD
% CHANGE
2023
2022
0
5
1
5
YTD
ç
22.7%
2023
YTD
YTD
% CHANGE
ç
2022
YTD
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
100%
80%
$2,000,000-$2,999,999
$3,000,000 AND UP
12.5%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
10.22
0.68
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
1.00
3.00
1
0.00
∞
6
0.11
MONTH’S SUPPLY
54.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
BERKELEY HEIGHTS THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
47
71
-33.8%
104
142
-26.8%
$39,567,968
$53,273,400
-25.7%
$82,393,176
$106,397,296
-22.6%
MEDIAN SALE PRICE
$785,000
$708,000
10.9%
$750,000
$708,000
5.9%
AVERAGE SALE PRICE
$841,871
$750,329
12.2%
$792,242
$749,276
5.7%
AVERAGE DAYS ON MARKET
23
25
-8%
26
26
0%
% SALES PRICE TO LIST PRICE
104.2%
104%
0.1%
104.4%
104.4%
0%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
84
118
ç
20
24
ç
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
16.7%
28.8%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10
9.33
1.07
INVENTORY
5
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2.22
2.25
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
BERNARDS TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
112
138
-18.8%
260
338
-23.1%
$113,269,648
$118,649,472
-4.5%
$234,912,576
$277,781,120
-15.4%
MEDIAN SALE PRICE
$945,500
$792,500
19.3%
$824,500
$764,300
7.9%
AVERAGE SALE PRICE
$1,011,336
$859,778
17.6%
$903,509
$821,837
9.9%
AVERAGE DAYS ON MARKET
22
23
-4.3%
25
25
0%
% SALES PRICE TO LIST PRICE
103.7%
102%
1.7%
102.5%
103.1%
-0.6%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
2022
YTD
% CHANGE
2023
2022
173
248
ç
81
83
YTD
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
5
7
1
0
YTD
ç
30.2%
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
ç
$0-$999,999
2.4%
YTD
28.6%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
13
AVG SALES PER MONTH
MONTH’S SUPPLY
19.22
0.68
INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
9.00
0.56
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.56
0.00
2
0.11
0
MONTH’S SUPPLY
18.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
BERNARDSVILLE THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
28
37
-24.3%
78
101
-22.8%
$41,125,500
$43,393,600
-5.2%
$90,729,544
$108,149,248
-16.1%
MEDIAN SALE PRICE
$837,500
$750,000
11.7%
$805,000
$777,000
3.6%
AVERAGE SALE PRICE
$1,468,767
$1,172,800
25.2%
$1,163,199
$1,070,784
8.6%
AVERAGE DAYS ON MARKET
49
29
69%
46
43
7%
% SALES PRICE TO LIST PRICE
97.4%
100%
-2.6%
95.8%
100.3%
-4.5%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2022
YTD
% CHANGE
2023
2022
49
64
ç
21
26
YTD
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
5
8
3
3
NC
YTD
ç
23.4%
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
YTD
37.5%
0%
$2,000,000-$2,999,999
$3,000,000 AND UP
19.2%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
5.44
1.47
INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
2.33
1.71
7
0.56
12.60
7
0.33
MONTH’S SUPPLY
21.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
BOONTON TOWN THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
19
17
11.8%
51
53
-3.8%
$11,456,500
$8,548,600
34%
$29,739,650
$27,449,510
8.3%
MEDIAN SALE PRICE
$600,000
$490,000
22.4%
$565,000
$490,000
15.3%
AVERAGE SALE PRICE
$602,973
$502,858
19.9%
$583,130
$517,915
12.6%
AVERAGE DAYS ON MARKET
24
17
41.2%
31
21
47.6%
% SALES PRICE TO LIST PRICE
103.7%
105.2%
-1.4%
105%
105.9%
-0.9%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
51
53
ç
0
0
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
0
0
NC
YTD
NC
$3,000,000 AND UP 2023
2022
YTD
% CHANGE
0
0
NC
YTD
3.8%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
5.67
1.41
INVENTORY
0
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.00
N/A
0
0.00
MONTH’S SUPPLY
N/A
$3,000,000 AND UP INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
BOONTON TWP THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
3
28
-89.3%
32
57
-43.9%
$2,385,000
$24,481,704
-90.3%
$24,818,600
$43,998,580
-43.6%
MEDIAN SALE PRICE
$795,000
$705,000
12.8%
$642,500
$689,000
-6.7%
AVERAGE SALE PRICE
$795,000
$874,346
-9.1%
$775,581
$771,904
0.5%
AVERAGE DAYS ON MARKET
22
38
-42.1%
45
33
36.4%
% SALES PRICE TO LIST PRICE
109.5%
99.9%
9.6%
99.9%
100.7%
-0.9%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2022
YTD
% CHANGE
2023
2022
25
46
ç
7
9
YTD
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
2
0
0
NC
YTD
ç
45.7%
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
YTD
100%
22.2%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
2.78
0.36
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.78
1.29
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
1
$3,000,000 AND UP INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
BRIDGEWATER TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
124
168
-26.2%
308
407
-24.3%
$89,575,320
$95,890,464
-6.6%
$200,589,984
$236,563,072
-15.2%
MEDIAN SALE PRICE
$677,500
$536,000
26.4%
$615,000
$545,000
12.8%
AVERAGE SALE PRICE
$722,381
$570,776
26.6%
$651,266
$581,236
12%
AVERAGE DAYS ON MARKET
31
23
34.8%
29
26
11.5%
% SALES PRICE TO LIST PRICE
102.4%
102.6%
-0.2%
103%
103.4%
-0.5%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
286
386
ç
22
21
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
ç
25.9%
$3,000,000 AND UP YTD
4.8%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
26
31.78
0.82
INVENTORY
9
AVG SALES PER MONTH
MONTH’S SUPPLY
2.44
3.68
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
0
0.00
N/A
1
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
CALIFON THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
1
7
-85.7%
3
12
-75%
TOTAL DOLLAR VOLUME
$430,000
$2,931,200
-85.3%
$1,402,500
$5,447,100
-74.3%
MEDIAN SALE PRICE
$430,000
$457,500
-6%
$455,000
$466,250
-2.4%
AVERAGE SALE PRICE
$430,000
$418,742
2.7%
$467,500
$453,925
3%
AVERAGE DAYS ON MARKET
15
30
-50%
64
52
23.1%
% SALES PRICE TO LIST PRICE
100%
101%
-1%
99.5%
102.2%
-2.7%
HOMES SOLD
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
3
12
ç
0
0
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
NC
$3,000,000 AND UP YTD
75%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.33
6.00
0
0.00
N/A
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
CHATHAM BORO THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
29
37
-21.6%
69
93
-25.8%
TOTAL DOLLAR VOLUME
$34,714,612
$41,255,000
-15.9%
$80,460,008
$98,733,016
-18.5%
MEDIAN SALE PRICE
$1,050,000
$1,030,000
1.9%
$956,000
$900,000
6.2%
AVERAGE SALE PRICE
$1,197,055
$1,115,000
7.4%
$1,166,087
$1,061,645
9.8%
AVERAGE DAYS ON MARKET
17
25
-32%
23
30
-23.3%
% SALES PRICE TO LIST PRICE
107.3%
105.1%
2.1%
105.6%
106.6%
-1%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
38
55
ç
26
35
ç
5
3
ç
0
0
NC
YTD
YTD
YTD
YTD
66.7%
25.7%
30.9%
YTD
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
4.22
0.95
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
2.89
1.04
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.56
1.80
0
0.00
N/A
1
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
CHATHAM TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
48
62
-22.6%
139
150
-7.3%
TOTAL DOLLAR VOLUME
$71,272,688
$73,913,280
-3.6%
$207,731,120
$189,528,336
9.6%
MEDIAN SALE PRICE
$1,466,000
$1,232,500
18.9%
$1,457,000
$1,260,034
15.6%
AVERAGE SALE PRICE
$1,484,848
$1,192,149
24.6%
$1,494,468
$1,263,522
18.3%
AVERAGE DAYS ON MARKET
19
19
0%
29
29
0%
% SALES PRICE TO LIST PRICE
103.1%
103.8%
-0.7%
101.8%
103.3%
-1.5%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
48
65
ç
55
63
ç
30
19
ç
6
3
YTD
YTD
YTD
YTD
YTD
% CHANGE
ç
26.2%
YTD
57.9%
100%
$2,000,000-$2,999,999
$3,000,000 AND UP
12.7%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
5.33
0.75
INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
6.11
0.33
3
3.33
0.90
4
AVG SALES PER MONTH
0.67
MONTH’S SUPPLY
6.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
CHESTER BORO THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
4
10
-60%
10
22
-54.5%
$3,486,000
$7,261,499
-52%
$7,927,000
$15,588,999
-49.2%
MEDIAN SALE PRICE
$915,500
$667,500
37.2%
$757,500
$667,500
13.5%
AVERAGE SALE PRICE
$871,500
$726,149
20%
$792,700
$708,590
11.9%
AVERAGE DAYS ON MARKET
16
26
-38.5%
14
18
-22.2%
% SALES PRICE TO LIST PRICE
103%
102.5%
0.5%
104.4%
103.1%
1.2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
9
21
ç
1
1
NC
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
0%
57.1%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
1.00
0.00
INVENTORY
0
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.11
0.00
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
CHESTER TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
29
42
-31%
73
91
-19.8%
TOTAL DOLLAR VOLUME
$34,214,480
$39,415,936
-13.2%
$72,585,376
$83,791,744
-13.4%
MEDIAN SALE PRICE
$1,200,000
$832,500
44.1%
$950,000
$855,000
11.1%
AVERAGE SALE PRICE
$1,179,809
$938,474
25.7%
$994,320
$920,788
8%
AVERAGE DAYS ON MARKET
28
24
16.7%
37
25
48%
% SALES PRICE TO LIST PRICE
102.9%
102.5%
0.4%
101.5%
102.9%
-1.4%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
45
56
ç
27
35
ç
0
0
NC
1
0
ç
YTD
YTD
YTD
YTD
YTD
22.9%
19.6%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
5.00
1.00
INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
3.00
2.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
2
$3,000,000 AND UP INVENTORY
AVG SALES PER MONTH
2
0.11
MONTH’S SUPPLY
18.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
CLINTON TOWN THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
10
6
66.7%
35
25
40%
TOTAL DOLLAR VOLUME
$5,857,500
$3,053,000
91.9%
$18,144,472
$11,489,000
57.9%
MEDIAN SALE PRICE
$572,000
$527,000
8.5%
$505,000
$430,000
17.4%
AVERAGE SALE PRICE
$585,750
$508,833
15.1%
$518,413
$459,560
12.8%
AVERAGE DAYS ON MARKET
16
23
-30.4%
32
26
23.1%
% SALES PRICE TO LIST PRICE
107.7%
102.5%
5.1%
104.5%
103.3%
1.2%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
35
25
ç
0
0
NC
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
40%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
3.89
1.80
INVENTORY
0
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
CLINTON TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
35
52
-32.7%
105
133
-21.1%
$22,819,876
$29,473,864
-22.6%
$60,239,276
$73,402,024
-17.9%
MEDIAN SALE PRICE
$580,000
$508,000
14.2%
$527,000
$540,000
-2.4%
AVERAGE SALE PRICE
$651,996
$566,805
15%
$573,707
$551,894
4%
AVERAGE DAYS ON MARKET
26
31
-16.1%
34
27
25.9%
% SALES PRICE TO LIST PRICE
103.9%
102.8%
1.1%
103.8%
103.7%
0.1%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
101
129
ç
4
4
NC
0
0
NC
0
0
NC
YTD
YTD
YTD
21.7%
YTD
YTD
0%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
11
AVG SALES PER MONTH
MONTH’S SUPPLY
11.22
0.98
INVENTORY
4
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.44
9.00
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
FAR HILLS THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
2
1
100%
8
10
-20%
TOTAL DOLLAR VOLUME
$2,460,000
$705,000
248.9%
$10,261,500
$19,195,000
-46.5%
MEDIAN SALE PRICE
$1,230,000
$705,000
74.5%
$1,455,000
$812,500
79.1%
AVERAGE SALE PRICE
$1,230,000
$705,000
74.5%
$1,282,687
$1,919,500
-33.2%
AVERAGE DAYS ON MARKET
103
21
390.5%
51
77
-33.8%
% SALES PRICE TO LIST PRICE
86%
100.7%
-14.6%
100.4%
93.4%
7.4%
HOMES SOLD
Sales by Price $0-$999,999
$1,000,000-$1,999,999
% CHANGE
2023
2022
4
6
ç
2
1
YTD
YTD
% CHANGE
YTD
2022
YTD
% CHANGE
2023
2022
2
0
0
3
YTD
ç
33.3%
2023
YTD
YTD
% CHANGE
ç
2022
YTD
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
100%
100%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.44
0.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.22
4.50
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.22
4.50
5
0.00
∞
1
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
FLORHAM PARK THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
34
38
-10.5%
91
101
-9.9%
$33,118,400
$30,022,484
10.3%
$86,092,912
$90,995,872
-5.4%
MEDIAN SALE PRICE
$844,500
$789,950
6.9%
$884,000
$800,000
10.5%
AVERAGE SALE PRICE
$974,070
$790,065
23.3%
$946,075
$900,949
5%
AVERAGE DAYS ON MARKET
31
34
-8.8%
40
32
25%
% SALES PRICE TO LIST PRICE
107.1%
102%
5%
103.9%
102.4%
1.5%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999 2022
YTD
% CHANGE
2023
2022
63
75
ç
22
24
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
6
2
0
0
NC
YTD
ç 8.3%
16%
$3,000,000 AND UP
ç
2023
YTD
$2,000,000-$2,999,999
$1,000,000-$1,999,999
YTD
200%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
7.00
1.14
INVENTORY
2
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2.44
0.82
3
0.67
4.50
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
HARDING TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
14
16
-12.5%
33
51
-35.3%
$19,010,300
$31,797,104
-40.2%
$48,491,300
$89,203,360
-45.6%
MEDIAN SALE PRICE
$1,173,400
$1,769,500
-33.7%
$1,246,800
$1,475,000
-15.5%
AVERAGE SALE PRICE
$1,357,878
$1,987,319
-31.7%
$1,469,433
$1,749,085
-16%
AVERAGE DAYS ON MARKET
42
69
-39.1%
49
77
-36.4%
% SALES PRICE TO LIST PRICE
98.9%
93.6%
5.6%
99.9%
96%
4.1%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
2023
2022
12
13
ç
14
23
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
4
8
3
7
YTD
YTD
% CHANGE
ç
50%
57.1%
$2,000,000-$2,999,999
$3,000,000 AND UP
39.1%
7.7%
YTD
ç
2022
YTD
ç
2023
$3,000,000 AND UP
$2,000,000-$2,999,999
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
0.75
INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
1.56
3.21
5
0.44
11.25
7
0.33
MONTH’S SUPPLY
21.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
LEBANON BORO THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
9
10
-10%
19
40
-52.5%
TOTAL DOLLAR VOLUME
$2,971,500
$3,150,900
-5.7%
$6,174,500
$12,509,416
-50.6%
MEDIAN SALE PRICE
$334,000
$291,250
14.7%
$330,000
$288,750
14.3%
AVERAGE SALE PRICE
$330,166
$315,090
4.8%
$324,973
$312,735
3.9%
AVERAGE DAYS ON MARKET
19
22
-13.6%
16
19
-15.8%
% SALES PRICE TO LIST PRICE
102.6%
103.3%
-0.7%
105.6%
103.1%
2.4%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
19
40
ç
0
0
NC
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
52.5%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
2.11
1.42
INVENTORY
0
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
LEBANON TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
18
20
-10%
47
59
-20.3%
TOTAL DOLLAR VOLUME
$8,827,875
$10,779,900
-18.1%
$24,739,084
$29,054,850
-14.9%
MEDIAN SALE PRICE
$482,500
$607,500
-20.6%
$505,000
$495,000
2%
AVERAGE SALE PRICE
$490,437
$538,995
-9%
$526,363
$492,455
6.9%
AVERAGE DAYS ON MARKET
42
35
20%
47
36
30.6%
% SALES PRICE TO LIST PRICE
101.3%
103.9%
-2.5%
100.4%
102.2%
-1.7%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
44
59
ç
3
0
ç
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
25.4%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
9
AVG SALES PER MONTH
MONTH’S SUPPLY
4.89
1.84
INVENTORY
2
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.33
6.00
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
LONG HILL TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
27
38
-28.9%
73
86
-15.1%
$20,358,980
$26,799,116
-24%
$52,407,048
$58,794,520
-10.9%
MEDIAN SALE PRICE
$690,000
$638,611
8%
$680,981
$642,500
6%
AVERAGE SALE PRICE
$754,036
$705,239
6.9%
$717,904
$683,657
5%
AVERAGE DAYS ON MARKET
25
21
19%
27
25
8%
% SALES PRICE TO LIST PRICE
103.1%
102.4%
0.7%
103.2%
103.3%
-0.2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
63
80
ç
10
6
ç
0
0
NC
0
0
NC
YTD
YTD
YTD
21.3%
YTD
YTD
66.7%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
7.00
0.71
INVENTORY
2
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1.11
1.80
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
MADISON THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
47
44
6.8%
123
130
-5.4%
$56,704,680
$52,760,848
7.5%
$139,366,496
$150,590,160
-7.5%
MEDIAN SALE PRICE
$919,000
$970,000
-5.3%
$903,000
$917,500
-1.6%
AVERAGE SALE PRICE
$1,206,482
$1,199,110
0.6%
$1,133,061
$1,158,385
-2.2%
AVERAGE DAYS ON MARKET
18
17
5.9%
21
19
10.5%
% SALES PRICE TO LIST PRICE
104.5%
103.6%
0.8%
103.8%
104%
-0.2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
2023
2022
73
73
NC
33
43
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
14
12
3
2
YTD
YTD
% CHANGE
ç
16.7%
50%
$2,000,000-$2,999,999
$3,000,000 AND UP
23.3%
0%
YTD
ç
2022
YTD
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
14
AVG SALES PER MONTH
MONTH’S SUPPLY
8.11
1.73
INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
3.67
1.91
1
4.67
0.21
0
0.33
MONTH’S SUPPLY
0.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
MAPLEWOOD THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
77
69
11.6%
188
215
-12.6%
$65,766,160
$65,008,428
1.2%
$155,729,120
$191,525,664
-18.7%
MEDIAN SALE PRICE
$851,000
$845,000
0.7%
$699,000
$861,000
-18.8%
AVERAGE SALE PRICE
$854,106
$942,151
-9.3%
$828,346
$890,817
-7%
AVERAGE DAYS ON MARKET
20
20
0%
23
19
21.1%
% SALES PRICE TO LIST PRICE
112.8%
110.4%
2.2%
111.3%
114.4%
-2.8%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
138
138
NC
50
76
ç
0
1
ç
0
0
NC
YTD
YTD
YTD
YTD
34.2%
0%
YTD
100%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
26
15.33
1.70
INVENTORY
3
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5.56
0.54
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
MENDHAM BORO THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
20
27
-25.9%
48
63
-23.8%
$17,453,500
$22,555,000
-22.6%
$39,443,900
$51,907,500
-24%
MEDIAN SALE PRICE
$736,000
$765,000
-3.8%
$725,000
$765,000
-5.2%
AVERAGE SALE PRICE
$872,675
$835,370
4.5%
$821,747
$823,928
-0.3%
AVERAGE DAYS ON MARKET
23
41
-43.9%
39
35
11.4%
% SALES PRICE TO LIST PRICE
100.4%
99.5%
0.9%
101.9%
99.6%
2.3%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $2,000,000-$2,999,999
$1,000,000-$1,999,999
$0-$999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
40
47
ç
7
16
ç
1
0
ç
0
0
NC
YTD
YTD
YTD
14.9%
YTD
YTD
56.3%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
4.44
0.90
INVENTORY
1
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.78
1.29
4
0.11
MONTH’S SUPPLY
36.00
$3,000,000 AND UP INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
MENDHAM TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
20
20
0%
56
68
-17.6%
TOTAL DOLLAR VOLUME
$25,694,972
$20,794,000
23.6%
$70,971,368
$81,169,400
-12.6%
MEDIAN SALE PRICE
$1,230,000
$942,500
30.5%
$1,200,250
$1,102,000
8.9%
AVERAGE SALE PRICE
$1,284,748
$1,039,700
23.6%
$1,267,345
$1,193,667
6.2%
AVERAGE DAYS ON MARKET
20
21
-4.8%
40
33
21.2%
% SALES PRICE TO LIST PRICE
100.8%
101.7%
-0.9%
98.8%
100.5%
-1.7%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
21
31
ç
30
32
ç
4
3
ç
1
2
YTD
YTD
YTD
YTD
6.3%
32.3%
YTD
YTD
% CHANGE
ç
2023
33.3%
50%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
2.33
0.86
INVENTORY
11
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
3.33
3.30
0
0.44
0.00
2
0.11
MONTH’S SUPPLY
18.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
MILLBURN THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
76
116
-34.5%
178
281
-36.7%
$140,143,504
$206,624,800
-32.2%
$334,450,176
$482,243,232
-30.6%
MEDIAN SALE PRICE
$1,750,000
$1,508,800
16%
$1,750,000
$1,501,500
16.6%
AVERAGE SALE PRICE
$1,843,993
$1,781,248
3.5%
$1,878,933
$1,716,168
9.5%
AVERAGE DAYS ON MARKET
18
26
-30.8%
20
23
-13%
% SALES PRICE TO LIST PRICE
107.1%
102.8%
4.2%
106.2%
104.1%
2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
2023
2022
28
62
ç
77
130
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
56
64
17
25
YTD
ç 40.8%
54.8%
YTD
YTD
% CHANGE
ç
2022
YTD
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
12.5%
32%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
3.11
1.93
INVENTORY
11
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8.56
1.29
4
6.22
0.64
14
1.89
7.41
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
MORRIS PLAINS THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
33
26
26.9%
98
74
32.4%
$23,633,404
$17,419,050
35.7%
$67,276,632
$47,081,828
42.9%
MEDIAN SALE PRICE
$749,980
$705,000
6.4%
$700,995
$650,500
7.8%
AVERAGE SALE PRICE
$716,163
$669,963
6.9%
$686,496
$636,240
7.9%
AVERAGE DAYS ON MARKET
20
17
17.6%
21
18
16.7%
% SALES PRICE TO LIST PRICE
101.3%
103.2%
-1.9%
100.9%
103.9%
-2.9%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2023
2022
YTD
% CHANGE
2023
2022
95
73
ç
3
1
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
ç 200%
30.1%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
12
AVG SALES PER MONTH
MONTH’S SUPPLY
10.56
1.14
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.33
3.00
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
0
0.00
N/A
0
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
MORRIS TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
83
108
-23.1%
201
285
-29.5%
$67,870,400
$84,144,256
-19.3%
$166,607,248
$222,841,232
-25.2%
MEDIAN SALE PRICE
$782,000
$728,000
7.4%
$775,000
$725,000
6.9%
AVERAGE SALE PRICE
$817,715
$779,113
5%
$828,891
$781,899
6%
AVERAGE DAYS ON MARKET
22
21
4.8%
23
24
-4.2%
% SALES PRICE TO LIST PRICE
104.4%
104.4%
0%
103.6%
104.9%
-1.2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
168
244
ç
31
39
ç
2
0
ç
0
2
YTD
YTD
YTD
31.1%
YTD
YTD
YTD
% CHANGE
20.5%
ç
2023
100%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
14
AVG SALES PER MONTH
MONTH’S SUPPLY
18.67
0.75
INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
3.44
1.16
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.22
0.00
0
0.00
N/A
0
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
MORRISTOWN THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
33
53
-37.7%
90
139
-35.3%
$21,229,500
$30,653,264
-30.7%
$57,096,268
$84,584,528
-32.5%
MEDIAN SALE PRICE
$605,000
$500,000
21%
$595,000
$525,000
13.3%
AVERAGE SALE PRICE
$643,318
$578,363
11.2%
$634,402
$608,521
4.3%
AVERAGE DAYS ON MARKET
34
27
25.9%
34
31
9.7%
% SALES PRICE TO LIST PRICE
103.3%
100.4%
2.9%
102.8%
101.1%
1.7%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$3,000,000 AND UP
$2,000,000-$2,999,999
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
79
126
ç
11
13
ç
0
0
NC
0
0
NC
YTD
YTD
YTD
YTD
YTD
15.4%
37.3%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
14
AVG SALES PER MONTH
MONTH’S SUPPLY
8.78
1.59
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
1.22
0.82
$2,000,000-$2,999,999 INVENTORY
0
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
1
0.00
∞
10 Year Market History
© 2023 Turpin Realtors
Source: GSMLS 10/9/23 & Trendgraphix
MOUNTAIN LAKES THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
16
27
-40.7%
44
62
-29%
$16,860,000
$29,508,524
-42.9%
$47,987,900
$65,351,024
-26.6%
MEDIAN SALE PRICE
$948,500
$915,000
3.7%
$930,000
$900,000
3.3%
AVERAGE SALE PRICE
$1,053,750
$1,092,908
-3.6%
$1,090,634
$1,054,048
3.5%
AVERAGE DAYS ON MARKET
17
26
-34.6%
41
28
46.4%
% SALES PRICE TO LIST PRICE
104%
101.6%
2.3%
97.7%
101.4%
-3.6%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$2,000,000-$2,999,999
$1,000,000-$1,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
25
38
ç
17
21
ç
1
2
ç
1
1
NC
YTD
YTD
YTD
34.2%
YTD
19%
YTD
50%
0%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
2.78
1.08
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
1.89
0.53
1
0.11
MONTH’S SUPPLY
9.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1
0.11
9.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
NEW PROVIDENCE THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
35
54
-35.2%
88
139
-36.7%
$29,507,500
$46,762,816
-36.9%
$76,194,000
$120,199,416
-36.6%
MEDIAN SALE PRICE
$777,000
$825,000
-5.8%
$825,000
$805,000
2.5%
AVERAGE SALE PRICE
$843,071
$865,978
-2.6%
$865,840
$864,744
0.1%
AVERAGE DAYS ON MARKET
13
19
-31.6%
29
19
52.6%
% SALES PRICE TO LIST PRICE
111.2%
105.2%
5.8%
105.3%
106.9%
-1.5%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2022
YTD
% CHANGE
2023
2022
70
104
ç
18
34
YTD
YTD
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
1
0
0
NC
YTD
ç 47.1%
32.7%
$3,000,000 AND UP
ç
2023
$2,000,000-$2,999,999
YTD
100%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
7.78
1.03
INVENTORY
4
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2.00
2.00
0
0.00
N/A
1
0.00
∞
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
PEAPACK-GLADSTONE THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
7
7
0%
15
25
-40%
$6,846,000
$6,792,310
0.8%
$13,543,500
$25,304,160
-46.5%
MEDIAN SALE PRICE
$875,000
$700,000
25%
$750,000
$875,000
-14.3%
AVERAGE SALE PRICE
$978,000
$970,330
0.8%
$902,900
$1,012,166
-10.8%
AVERAGE DAYS ON MARKET
49
25
96%
55
25
120%
% SALES PRICE TO LIST PRICE
97.9%
95.7%
2.3%
99.6%
96.5%
3.3%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
11
17
ç
3
7
ç
1
1
NC
0
0
NC
YTD
YTD
YTD
YTD
57.1%
35.3%
YTD
0%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
1.22
1.64
4
0.33
MONTH’S SUPPLY
12.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
1
0.11
MONTH’S SUPPLY
9.00
$3,000,000 AND UP INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
RANDOLPH TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
69
117
-41%
176
262
-32.8%
$50,098,512
$81,057,832
-38.2%
$125,239,424
$182,632,288
-31.4%
MEDIAN SALE PRICE
$725,000
$700,000
3.6%
$721,000
$680,000
6%
AVERAGE SALE PRICE
$726,065
$692,802
4.8%
$711,587
$697,069
2.1%
AVERAGE DAYS ON MARKET
19
19
0%
24
25
-4%
% SALES PRICE TO LIST PRICE
106%
104.8%
1.2%
104.8%
105.2%
-0.4%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2023
2022
YTD
% CHANGE
2023
2022
164
239
ç
12
23
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
ç
31.4%
$3,000,000 AND UP YTD
47.8%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
16
AVG SALES PER MONTH
MONTH’S SUPPLY
18.22
0.88
INVENTORY
2
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
1.50
1
0.00
∞
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
READINGTON TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
51
85
-40%
129
182
-29.1%
$34,805,284
$55,003,628
-36.7%
$80,175,688
$110,003,296
-27.1%
MEDIAN SALE PRICE
$695,000
$640,000
8.6%
$637,500
$604,500
5.5%
AVERAGE SALE PRICE
$682,456
$647,101
5.5%
$621,516
$604,413
2.8%
AVERAGE DAYS ON MARKET
25
28
-10.7%
34
29
17.2%
% SALES PRICE TO LIST PRICE
104.3%
103.3%
1%
102.2%
103.7%
-1.5%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
122
174
ç
7
8
ç
0
0
NC
0
0
NC
YTD
YTD
YTD
29.9%
YTD
YTD
12.5%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19
13.56
1.40
INVENTORY
3
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
0.78
3.86
0
0.00
MONTH’S SUPPLY
N/A
$3,000,000 AND UP INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
SUMMIT THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
72
88
-18.2%
202
246
-17.9%
$106,840,952
$124,054,464
-13.9%
$289,673,056
$346,124,448
-16.3%
MEDIAN SALE PRICE
$1,262,450
$1,218,000
3.6%
$1,326,000
$1,235,000
7.4%
AVERAGE SALE PRICE
$1,483,902
$1,409,709
5.3%
$1,434,025
$1,407,010
1.9%
AVERAGE DAYS ON MARKET
23
18
27.8%
26
20
30%
% SALES PRICE TO LIST PRICE
103.2%
104.1%
-0.9%
104.7%
106.2%
-1.4%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
87
104
ç
74
86
ç
33
45
ç
8
11
YTD
YTD
YTD
YTD
14%
16.3%
YTD
YTD
% CHANGE
ç
2023
26.7%
27.3%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
9.67
0.83
INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
8.22
0.24
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3.67
1.09
0
0.89
0.00
4
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
TEWKSBURY TWP. THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
18
30
-40%
53
88
-39.8%
$17,182,500
$25,461,350
-32.5%
$49,080,716
$85,781,248
-42.8%
MEDIAN SALE PRICE
$887,500
$738,750
20.1%
$815,800
$862,000
-5.4%
AVERAGE SALE PRICE
$954,583
$848,711
12.5%
$926,051
$974,786
-5%
AVERAGE DAYS ON MARKET
30
38
-21.1%
55
59
-6.8%
% SALES PRICE TO LIST PRICE
100%
98.2%
1.8%
98.8%
99.8%
-1%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$3,000,000 AND UP
$2,000,000-$2,999,999
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
35
60
ç
16
25
ç
2
2
NC
0
1
YTD
YTD
YTD
41.7%
YTD
YTD
YTD
% CHANGE
ç
2023
0%
100%
$2,000,000-$2,999,999
$3,000,000 AND UP
36%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
3.89
2.06
INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
1.78
2.81
3
0.22
MONTH’S SUPPLY
13.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2
0.00
∞
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
WARREN THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
64
67
-4.5%
142
168
-15.5%
TOTAL DOLLAR VOLUME
$77,703,080
$65,936,652
17.8%
$162,203,072
$174,179,456
-6.9%
MEDIAN SALE PRICE
$1,069,750
$880,000
21.6%
$999,000
$945,000
5.7%
AVERAGE SALE PRICE
$1,214,110
$984,129
23.4%
$1,142,275
$1,036,782
10.2%
AVERAGE DAYS ON MARKET
41
35
17.1%
41
41
0%
% SALES PRICE TO LIST PRICE
100.1%
100.5%
-0.5%
99.7%
99.9%
-0.2%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
74
96
ç
58
65
ç
10
7
ç
YTD
YTD
YTD
22.9%
$3,000,000 AND UP
$2,000,000-$2,999,999 YTD
10.8%
2023
2022
YTD
% CHANGE
0
0
NC
YTD
42.9%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
14
AVG SALES PER MONTH
MONTH’S SUPPLY
8.22
1.70
INVENTORY
17
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
6.44
2.64
6
1.11
5.40
3
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
56
90
-37.8%
141
209
-32.5%
$36,068,016
$55,138,000
-34.6%
$87,933,712
$127,968,640
-31.3%
MEDIAN SALE PRICE
$655,000
$603,000
8.6%
$615,000
$590,000
4.2%
AVERAGE SALE PRICE
$644,071
$612,644
5.1%
$623,643
$612,290
1.9%
AVERAGE DAYS ON MARKET
27
23
17.4%
32
27
18.5%
% SALES PRICE TO LIST PRICE
104.3%
104.8%
-0.5%
103.7%
106%
-2.2%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2023
2022
YTD
% CHANGE
2023
2022
135
202
ç
6
7
YTD
YTD
$2,000,000-$2,999,999
% CHANGE
YTD
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
ç 14.3%
33.2%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
23
15.00
1.53
INVENTORY
1
$2,000,000-$2,999,999
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.67
1.50
0
0.00
N/A
0
0.00
N/A
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
WATCHUNG THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
16
25
-36%
41
78
-47.4%
$16,427,500
$23,094,000
-28.9%
$44,404,500
$72,776,344
-39%
MEDIAN SALE PRICE
$877,500
$890,000
-1.4%
$950,000
$892,500
6.4%
AVERAGE SALE PRICE
$1,026,718
$923,760
11.1%
$1,083,036
$933,030
16.1%
AVERAGE DAYS ON MARKET
38
49
-22.4%
43
50
-14%
% SALES PRICE TO LIST PRICE
100.1%
101%
-0.9%
99.1%
101.7%
-2.6%
HOMES SOLD TOTAL DOLLAR VOLUME
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
25
55
ç
12
19
ç
4
4
NC
0
0
NC
YTD
YTD
YTD
YTD
36.8%
54.5%
YTD
0%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
2.78
1.08
INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
4.50
$2,000,000-$2,999,999 INVENTORY
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0.44
0.00
0
0.00
N/A
0
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
WESTFIELD THIRD QUARTER MARKET REPORT 2023
Overview Q3 2023
Q3 2022
% CHANGE
YTD 2023
YTD 2022
% CHANGE
95
89
6.7%
238
285
-16.5%
TOTAL DOLLAR VOLUME
$114,229,104
$99,031,872
15.3%
$284,825,216
$302,820,160
-5.9%
MEDIAN SALE PRICE
$1,200,000
$975,000
23.1%
$1,068,000
$950,000
12.4%
AVERAGE SALE PRICE
$1,202,411
$1,112,717
8.1%
$1,196,744
$1,062,526
12.6%
AVERAGE DAYS ON MARKET
19
29
-34.5%
21
31
-32.3%
% SALES PRICE TO LIST PRICE
105.1%
102.9%
2.2%
104.8%
104.8%
0%
HOMES SOLD
Sales by Price $1,000,000-$1,999,999
$0-$999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2023
2022
YTD
% CHANGE
2023
2022
% CHANGE
2023
2022
YTD
% CHANGE
2023
2022
YTD
% CHANGE
113
160
ç
110
112
ç
14
13
ç
1
0
ç
YTD
YTD
YTD
YTD
1.8%
29.4%
YTD
7.7%
Supply and Demand (as of September 30, 2023) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
12
AVG SALES PER MONTH
MONTH’S SUPPLY
12.56
0.96
INVENTORY
17
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
AVG SALES PER MONTH
12.22
1.39
6
1.56
MONTH’S SUPPLY
3.86
$3,000,000 AND UP INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0
0.11
0.00
10 Year Market History
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/9/23 & Trendgraphix
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