NORTH CENTRAL NEW JERSEY
MARKET REPORT M AY 2 0 2 1
SOMERSET COUNTY
MAY 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES March 2020 - May 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
Change from Last Year
200%
100%
0%
y Ma
Ap r.
r. Ma
. Fe b
n. Ja
c. De
v. No
Oc t.
. Se p
. Au g
l. Ju
n. Ju
y Ma
Ap r.
Ma
r.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
9/1 8 11 /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
8 7/1
5/1
8
$0
© 2021 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS and TrendGraphix as of 6/17/21
SOMERSET COUNTY
MAY 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES May 2021
May 2020
Homes For Sale
606 1022 -41%
New Listing
610 497 23%
Contracts Pended
496 325 53%
Homes Sold
394 255 55%
Days on Market
30
59
UNDER $1 MILLION May 2021
% Change
May 2020
-49%
$1,000,000 - $1,999,999 % Change
May 2021
May 2020
% Change
Homes for Sale
477 872 -45%
Homes for Sale
94
121
-22%
New Listing
545 455 20%
New Listing
56
37
51%
Contracts Pended
449 305 47%
Contracts Pended
44
18
144%
Homes Sold
351 244 44%
Homes Sold
38
11
246%
Days on Market
50
158
-68%
May 2020
% Change
16
10
60%
Days on Market
26
54
-52%
$2,000,000 - $2,999,999
$3 MILLION+
May 2021
May 2020
% Change
19
19
NC
For Sale
New Listing
5
5
NC
New Listing
4
0
∞
Contracts Pended
2
2
NC
Contracts Pended
1
0
∞
Homes Sold
3
0
∞
Homes Sold
2
0
∞
Days on Market
66
NA
NA
For Sale
May 2021
Days on Market
336 NA NA
© 2021 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS and TrendGraphix as of 6/17/21
MORRIS COUNTY
MAY 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES March 2020 - May 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
Change from Last Year
200%
100%
0%
y Ma
Ap r.
r. Ma
. Fe b
n. Ja
c. De
v. No
Oc t.
.
. Se p
Au g
l. Ju
n. Ju
y Ma
Ap r.
Ma
r.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
9/1 8 11 /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
8 7/1
5/1
8
$0
© 2021 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS and TrendGraphix as of 6/17/21
MORRIS COUNTY
MAY 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES May 2021
May 2020
% Change
Homes For Sale
985
1676
-41%
New Listing
934
850
10%
Contracts Pended
753
519
45%
Homes Sold
565
371
52%
30
52
-42%
Days on Market
UNDER $1 MILLION May 2021
$1,000,000 - $1,999,999 MILLION
May 2020
% Change
May 2021
May 2020
% Change
Homes for Sale
784
1417
-45%
New Listing
813
756
8%
Contracts Pended
689
478
44%
Contracts Pended
57
35
63%
Homes Sold
506
355
43%
Homes Sold
53
14
279%
28
51
-45%
Days on Market
48
77
-38%
May 2021
May 2020
% Change
17
13
31%
New Listing
3
2
50%
Days on Market
Homes for Sale
149 211 -29%
New Listing
110 86 28%
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
May 2021
May 2020
% Change
35
35
0%
New Listing
8
6
33%
Contracts Pended
5
6
-17%
Contracts Pended
2
0
∞
Homes Sold
4
2
100%
Homes Sold
2
0
∞
For Sale
Days on Market
44
35 26%
For Sale
Days on Market
134 NA NA
© 2021 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS and TrendGraphix as of 6/17/21
HUNTERDON COUNTY
MAY 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES March 2020 - May 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
150%
Change from Last Year
100%
50%
0%
-50%
y Ma
Ap r.
r. Ma
. Fe b
n. Ja
c. De
v. No
Oc t.
.
. Se p
Au g
l. Ju
n. Ju
y Ma
Ap r.
Ma
r.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
9/1 8 11 /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
8 7/1
5/1
8
$0
© 2021 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS and TrendGraphix as of 6/17/21
HUNTERDON COUNTY
MAY 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES May 2021
% Change
Homes For Sale
312 626 -50%
New Listing
274 235 17%
Contracts Pended
259 147 76%
Homes Sold
170 128 33%
Days on Market
40
UNDER $1 MILLION May 2021
May 2020
May 2020
65
-38%
$1,000,000 - $1,999,999 MILLION % Change
May 2021
May 2020
% Change
Homes for Sale
257 572 -55%
Homes for Sale
38
38
NC
New Listing
256 224 14%
New Listing
16
10
60%
Contracts Pended
253 144 76%
Contracts Pended
6
3
100%
Homes Sold
166 127 31%
Homes Sold
4
1
300%
Days on Market
37
64
-42%
Days on Market
$2,000,000 - $2,999,999 MILLION May 2021
$3 MILLION+
May 2020
% Change
For Sale
8
12
-33%
New Listing
1
1
Contracts Pended
0
Homes Sold Days on Market
130 270 -52%
May 2021
May 2020
% Change
For Sale
9
4
1.25
0%
New Listing
1
0
∞
0
NC
Contracts Pended
0
0
NC
0
0
NC
Homes Sold
0
0
NC
NA
NA
NA
Days on Market
NA NA NA
© 2021 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS and TrendGraphix as of 6/17/21
ESSEX & UNION COUNTY MUNICIPALITIES* MAY 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES March 2020 - May 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
300%
Change from Last Year
200%
100%
0%
y Ma
Ap r.
r. Ma
. Fe b
n. Ja
c. De
v. No
Oc t.
.
. Se p
Au g
l. Ju
n. Ju
y Ma
Ap r.
Ma
r.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
9/1 8 11 /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
8 7/1
5/1
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 and TrendGraphix as of 6/17/21
ESSEX & UNION COUNTY MUNICIPALITIES* MAY 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES May 2021
% Change
Homes For Sale
546 952 -43%
New Listing
599 627 -5%
Contracts Pended
502 367 37%
Homes Sold
387 255 52%
Days on Market
27
UNDER $1 MILLION May 2021
May 2020
May 2020
41
-34%
$1,000,000 - $1,999,999 MILLION % Change
May 2021
May 2020
% Change
Homes for Sale
357 657 -46%
Homes for Sale
128 224 -43%
New Listing
450 457 -2%
New Listing
117 132 -11%
Contracts Pended
381 287 33%
Contracts Pended
100 66 52%
Homes Sold
265 213 24%
Homes Sold
110
Days on Market
27
42
-36%
Days on Market
$2,000,000 - $2,999,999 MILLION May 2021
May 2020
% Change
26
39 182% 29
-10%
May 2020
% Change
$3 MILLION+ May 2021
For Sale
35
57
-39%
For Sale
26
14
86%
New Listing
21
30
-30%
New Listing
11
8
38%
Contracts Pended
18
12
50%
Contracts Pended
3
2
50%
Homes Sold
11
3
267%
Homes Sold
1
0
∞
Days on Market
42
75
-44%
Days on Market
29
0
∞
© 2021 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS and TrendGraphix as of 6/17/21
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. The relatively
small data set in some categories can lead to
wild swings that do not necessarily point to a trend in one direction or another.
www.TurpinRealtors.com © 2021 Turpin Realtors • Subject to Errors and Omissions • Source: GSMLS and TrendGraphix as of 6/17/21