NORTH CENTRAL NEW JERSEY
MARKET REPORT R E G I O N A L R E S U LT S | J U LY 2 0 2 2
REGIONAL RESULTS | JULY 2022 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices PENDED SALES - MONTH OF JULY Last 5 Years Units 2022
1523
2021
1835
2382
2020
1529
2019
1511
2018 0
500
1000
1500
2000
2500
MEDIAN LIST PRICE, HOMES PENDED - MONTH OF JULY Last 5 Years 2022
$640,500
2021
$603,600
$535,700
2020
2019
$529,900
2018
$520,300
0
200000
400000
600000
MONTHS SUPPLY, HOMES PENDED - MONTH OF JULY Last 5 Years Months 2022
1.60
2021
1.50
1.70
2020
2019
4.20
2018
4.20 0
1
2
3
4
5
* see reverse © 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 8/9/22 & Trendgraphix
REGIONAL RESULTS | JULY 2022 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - Activity by Price
ALL PRICES July 2022
July 2021
% Change
Homes For Sale
2491
2243
11%
New Listing
1827
1996
-8%
Contracts Pended
1523
1644
-7%
Homes Sold
1627
1787
-9%
23
25
-8%
Days on Market
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
July 2022
July 2021
% Change
Homes For Sale
1935
2243
-14%
New Listing
1541
1996
Contracts Pended
1341
Homes Sold Days on Market
July 2022
July 2021
% Change
Homes For Sale
401
393
2%
-23%
New Listing
242
232
4%
1644
-18%
Contracts Pended
152
164
-7%
1313
1787
-27%
Homes Sold
261
238
10%
23
25
-8%
18
33
-45%
July 2022
July 2021
% Change
Homes For Sale
67
65
3%
New Listing
15
11
36%
Days on Market
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
July 2022
July 2021
% Change
Homes For Sale
88
91
-3%
New Listing
29
29
0%
Contracts Pended
24
21
14%
Contracts Pended
6
6
0%
Homes Sold
44
48
-8%
Homes Sold
9
9
0%
Days on Market
46
36
28%
Days on Market
57
46
24%
*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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 8/9/22 & Trendgraphix
About the Data This study includes all residential home sales in the regions noted, as reported by Garden State Multiple Service LLC (GSMLS) and
Trendgraphix, including condominiums and townhomes. It does not include land sales, commercial sales, or rentals.
Cover page image: Private Lane, Bernardsville | MLS: 3797511
www.TurpinRealtors.com © 2022 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 8/9/22 & Trendgraphix