REGIONAL RESULTS | OCTOBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - All Prices PENDED SALES (UNITS) - MONTH OF OCTOBER Last 5 Years 2023
1,009
2022
1,060
1,542
2021
2020
2,040
2019
1,420
0
500
1000
1500
2000
2500
MEDIAN LIST PRICE, HOMES PENDED - MONTH OF OCTOBER Last 5 Years 2023
$663,300
2022
$587,000
2021
$563,600
2020
$553,800
2019
$486,100
0
200000
400000
600000
MONTHS SUPPLY, HOMES PENDED - MONTH OF OCTOBER Last 5 Years Months 2023
1.40
2022
1.90
1.40
2021
1.80
2020
4.00
2019 0
© 2023 Turpin Realtors
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2
Subject to Errors and Omissions
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4
* This report is inclusive of results from select municipalities in Essex and Union counties as detailed on the following page.
Source: GSMLS 11/8/23 & Trendgraphix
REGIONAL RESULTS | OCTOBER 2023 ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES Residential Properties - Activity by Price
ALL PRICES Oct. 2023
Oct. 2022
% Change
Homes For Sale
1408
1988
-29%
New Listing
1153
1244
-7%
Contracts Pended
1009
1060
-5%
Homes Sold
915
1092
-16%
Days on Market
30
34
-12%
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
Oct. 2023
Oct. 2022
% Change
Oct. 2023
Oct. 2022
% Change
Homes For Sale
984
1491
-34%
Homes For Sale
274
354
-23%
New Listing
954
1063
-10%
New Listing
156
148
5%
Contracts Pended
844
929
-9%
Contracts Pended
142
114
25%
Homes Sold
757
957
-21%
Homes Sold
135
118
14%
Days on Market
27
33
-18%
Days on Market
38
38
0%
Oct. 2023
Oct. 2022
% Change
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
Oct. 2023
Oct. 2022
% Change
Homes For Sale
76
92
-17%
Homes For Sale
74
51
45%
New Listing
24
28
-14%
New Listing
19
5
280%
Contracts Pended
14
10
40%
Contracts Pended
9
7
29%
Homes Sold
17
16
6%
Homes Sold
6
1
500%
Days on Market
49
54
-9%
Days on Market
106
78
36%
This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village, West Orange Twp Union County: Berkeley Heights Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp, Summit City, Westfield Twp
© 2023 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 11/8/23 & 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.
www.TurpinRealtors.com
© 2023 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS 11/8/23 & Trendgraphix