Essex County Market Report for Q2

REAL MARKET STATISTICS

Q2 2024

Essex County Market Report

Belleville

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

64

66

3.1%

SALES VOLUME

$28,309,005

$31,149,660

10.0%

MEDIAN PRICE

$450,000

$476,250

5.8%

AVERAGE PRICE

$442,328

$471,965

6.7%

AVERAGE DOM

44

28

-36.4%

# OF CONTRACTS

74

87

17.6%

# NEW LISTINGS

101

109

7.9%

Condo/Co-op/Townhouse # OF SALES

42

50

19.0%

SALES VOLUME

$11,060,500

$15,606,000

41.1%

MEDIAN PRICE

$267,500

$302,000

12.9%

AVERAGE PRICE

$263,345

$312,120

18.5%

AVERAGE DOM

41

41

0.0%

# OF CONTRACTS

49

55

12.2%

# NEW LISTINGS

45

54

20.0%

Belleville

Historic Sales

Year-To-Date

Full-Year

403

100 150 200 250 300 350 400

224

203

116

116

106

0 50

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$480K

$410K

$340K

$270K

$200K

2022

2023

2024

Bloomfield

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

119

101

-15.1%

SALES VOLUME

$64,827,575

$61,803,629

-4.7%

MEDIAN PRICE

$527,000

$615,000

16.7%

AVERAGE PRICE

$544,770

$611,917

12.3%

AVERAGE DOM

33

29

-12.1%

# OF CONTRACTS

155

136

-12.3%

# NEW LISTINGS

171

169

-1.2%

Condo/Co-op/Townhouse # OF SALES

15

28

86.7%

SALES VOLUME

$3,518,500

$12,482,188

254.8%

MEDIAN PRICE

$251,000

$420,000

67.3%

AVERAGE PRICE

$234,567

$445,792

90.0%

AVERAGE DOM

26

39

50.0%

# OF CONTRACTS

15

29

93.3%

# NEW LISTINGS

21

60

185.7%

Bloomfield

Historic Sales

Year-To-Date

Full-Year

418

100 150 200 250 300 350 400

298

208

134

129

129

0 50

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$620K

$540K

$460K

$380K

$300K

2022

2023

2024

Caldwell

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

19

17

-10.5%

SALES VOLUME

$11,586,194

$12,140,000

4.8%

MEDIAN PRICE

$600,000

$635,000

5.8%

AVERAGE PRICE

$609,800

$714,118

17.1%

AVERAGE DOM

31

36

16.1%

# OF CONTRACTS

22

25

13.6%

# NEW LISTINGS

20

29

45.0%

Condo/Co-op/Townhouse # OF SALES

18

20

11.1%

SALES VOLUME

$8,195,124

$10,042,322

22.5%

MEDIAN PRICE

$446,312

$520,000

16.5%

AVERAGE PRICE

$455,285

$502,116

10.3%

AVERAGE DOM

33

30

-9.1%

# OF CONTRACTS

27

21

-22.2%

# NEW LISTINGS

32

22

-31.2%

Caldwell

Historic Sales

Year-To-Date

Full-Year

81

79

0 10 20 30 40 50 60 70 80

49

37

37

37

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$660K

$570K

$480K

$390K

$300K

2022

2023

2024

Cedar Grove

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

31

32

3.2%

SALES VOLUME

$29,538,589

$29,228,416

-1.1%

MEDIAN PRICE

$630,000

$910,159

44.5%

AVERAGE PRICE

$952,858

$913,388

-4.1%

AVERAGE DOM

34

33

-2.9%

# OF CONTRACTS

52

47

-9.6%

# NEW LISTINGS

62

57

-8.1%

Condo/Co-op/Townhouse # OF SALES

13

15

15.4%

SALES VOLUME

$7,901,475

$10,033,000

27.0%

MEDIAN PRICE

$650,000

$628,000

-3.4%

AVERAGE PRICE

$607,806

$668,867

10.0%

AVERAGE DOM

24

23

-4.2%

# OF CONTRACTS

17

21

23.5%

# NEW LISTINGS

27

20

-25.9%

Cedar Grove

Historic Sales

Year-To-Date

Full-Year

149

132

100 120 140

71

0 20 40 60 80

47

47

44

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$900K

$800K

$700K

$600K

$500K

2022

2023

2024

East Orange

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

94

86

-8.5%

SALES VOLUME

$37,189,299

$37,050,494

-0.4%

MEDIAN PRICE

$400,000

$447,500

11.9%

AVERAGE PRICE

$395,631

$430,820

8.9%

AVERAGE DOM

65

41

-36.9%

# OF CONTRACTS

109

126

15.6%

# NEW LISTINGS

146

158

8.2%

Condo/Co-op/Townhouse # OF SALES

39

37

-5.1%

SALES VOLUME

$6,762,250

$7,904,300

16.9%

MEDIAN PRICE

$165,000

$190,000

15.2%

AVERAGE PRICE

$173,391

$213,630

23.2%

AVERAGE DOM

53

41

-22.6%

# OF CONTRACTS

42

44

4.8%

# NEW LISTINGS

51

51

0.0%

East Orange

Historic Sales

Year-To-Date

Full-Year

344

100 150 200 250 300

273

172

133

123

123

0 50

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$440K

$380K

$320K

$260K

$200K

2022

2023

2024

Essex Fells

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

12

4

-66.7%

SALES VOLUME

$16,295,000

$7,913,000

-51.4%

MEDIAN PRICE

$1,095,000

$2,032,000

85.6%

AVERAGE PRICE

$1,357,917

$1,978,250

45.7%

AVERAGE DOM

51

19

-62.7%

# OF CONTRACTS

18

10

-44.4%

# NEW LISTINGS

19

13

-31.6%

Condo/Co-op/Townhouse # OF SALES

0

1

0.0%

SALES VOLUME

-

$601,000

-

MEDIAN PRICE

-

$601,000

-

AVERAGE PRICE

-

$601,000

-

AVERAGE DOM

-

16

-

# OF CONTRACTS

0

1

0.0%

# NEW LISTINGS

1

1

0.0%

Essex Fells

Historic Sales

Year-To-Date

Full-Year

31

10 15 20 25 30

23

16

12

5

5

0 5

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$2.4M

$2.0M

$1.6M

$1.2M

$800K

2022

2023

2024

Fairfield

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

31

34

9.7%

SALES VOLUME

$22,387,500

$26,674,000

19.1%

MEDIAN PRICE

$735,000

$731,000

-0.5%

AVERAGE PRICE

$722,177

$784,529

8.6%

AVERAGE DOM

49

31

-36.7%

# OF CONTRACTS

34

51

50.0%

# NEW LISTINGS

38

53

39.5%

Condo/Co-op/Townhouse # OF SALES

7

4

-42.9%

SALES VOLUME

$4,041,000

$2,875,000

-28.9%

MEDIAN PRICE

$585,000

$627,500

7.3%

AVERAGE PRICE

$577,286

$718,750

24.5%

AVERAGE DOM

62

46

-25.8%

# OF CONTRACTS

7

7

0.0%

# NEW LISTINGS

7

8

14.3%

Fairfield

Historic Sales

Year-To-Date

Full-Year

116

0 20 40 60 80 100

79

66

38

38

38

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$860K

$770K

$680K

$590K

$500K

2022

2023

2024

Glen Ridge

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

33

36

9.1%

SALES VOLUME

$36,658,154

$44,867,267

22.4%

MEDIAN PRICE

$1,058,000

$1,125,000

6.3%

AVERAGE PRICE

$1,110,853

$1,246,313

12.2%

AVERAGE DOM

15

20

33.3%

# OF CONTRACTS

44

52

18.2%

# NEW LISTINGS

43

47

9.3%

Condo/Co-op/Townhouse # OF SALES

11

9

-18.2%

SALES VOLUME

$2,831,500

$1,780,500

-37.1%

MEDIAN PRICE

$210,000

$190,000

-9.5%

AVERAGE PRICE

$257,409

$197,833

-23.1%

AVERAGE DOM

44

43

-2.3%

# OF CONTRACTS

11

12

9.1%

# NEW LISTINGS

11

12

9.1%

Glen Ridge

Historic Sales

Year-To-Date

Full-Year

115

93

0 20 40 60 80 100

55

45

45

44

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$1.2M

$1.1M

$980K

$890K

$800K

2022

2023

2024

Irvington

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

111

82

-26.1%

SALES VOLUME

$37,456,220

$29,992,655

-19.9%

MEDIAN PRICE

$350,000

$375,000

7.1%

AVERAGE PRICE

$337,443

$365,764

8.4%

AVERAGE DOM

56

64

14.3%

# OF CONTRACTS

126

103

-18.3%

# NEW LISTINGS

145

107

-26.2%

Condo/Co-op/Townhouse # OF SALES

3

4

33.3%

SALES VOLUME

$504,000

$1,028,888

104.1%

MEDIAN PRICE

$209,000

$259,500

24.2%

AVERAGE PRICE

$168,000

$257,222

53.1%

AVERAGE DOM

109

32

-70.6%

# OF CONTRACTS

0

2

0.0%

# NEW LISTINGS

3

2

-33.3%

Irvington

Historic Sales

Year-To-Date

Full-Year

216

200

181

150

116

114

86

86

100

50

0

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$420K

$340K

$260K

$180K

$100K

2022

2023

2024

Livingston

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

151

136

-9.9%

SALES VOLUME

$162,593,590

$181,283,756

11.5%

MEDIAN PRICE

$955,000

$1,240,000

29.8%

AVERAGE PRICE

$1,076,779

$1,332,969

23.8%

AVERAGE DOM

43

29

-32.6%

# OF CONTRACTS

232

203

-12.5%

# NEW LISTINGS

225

240

6.7%

Condo/Co-op/Townhouse # OF SALES

18

27

50.0%

SALES VOLUME

$12,187,500

$17,466,000

43.3%

MEDIAN PRICE

$658,500

$600,000

-8.9%

AVERAGE PRICE

$677,083

$646,889

-4.5%

AVERAGE DOM

24

24

0.0%

# OF CONTRACTS

29

36

24.1%

# NEW LISTINGS

30

38

26.7%

Livingston

Historic Sales

Year-To-Date

Full-Year

458

371

0 100 200 300 400

216

169

163

163

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$1.9M

$1.6M

$1.3M

$1.0M

$700K

2022

2023

2024

Maplewood

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

100

128

28.0%

SALES VOLUME

$87,213,823

$129,871,972

48.9%

MEDIAN PRICE

$830,500

$999,999

20.4%

AVERAGE PRICE

$872,138

$1,014,625

16.3%

AVERAGE DOM

25

24

-4.0%

# OF CONTRACTS

137

161

17.5%

# NEW LISTINGS

156

186

19.2%

Condo/Co-op/Townhouse # OF SALES

17

16

-5.9%

SALES VOLUME

$5,691,175

$5,458,030

-4.1%

MEDIAN PRICE

$331,275

$354,400

7.0%

AVERAGE PRICE

$334,775

$341,127

1.9%

AVERAGE DOM

34

22

-35.3%

# OF CONTRACTS

18

16

-11.1%

# NEW LISTINGS

27

16

-40.7%

Maplewood

Historic Sales

Year-To-Date

Full-Year

290

250

100 150 200 250

156

144

144

117

0 50

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$1.4M

$1.2M

$1.0M

$800K

$600K

2022

2023

2024

Millburn

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

26

28

7.7%

SALES VOLUME

$32,236,277

$34,641,366

7.5%

MEDIAN PRICE

$963,000

$1,140,000

18.4%

AVERAGE PRICE

$1,239,857

$1,237,192

-0.2%

AVERAGE DOM

30

15

-50.0%

# OF CONTRACTS

38

36

-5.3%

# NEW LISTINGS

39

53

35.9%

Condo/Co-op/Townhouse # OF SALES

4

10

150.0%

SALES VOLUME

$4,592,000

$6,492,000

41.4%

MEDIAN PRICE

$1,352,500

$448,750

-66.8%

AVERAGE PRICE

$1,148,000

$649,200

-43.4%

AVERAGE DOM

18

21

16.7%

# OF CONTRACTS

8

10

25.0%

# NEW LISTINGS

14

12

-14.3%

Millburn

Historic Sales

Year-To-Date

Full-Year

122

100 120

77

0 20 40 60 80

63

38

38

30

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$1.6M

$1.4M

$1.2M

$1.0M

$800K

2022

2023

2024

Montclair

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

108

107

-0.9%

SALES VOLUME

$151,399,779

$152,990,909

1.1%

MEDIAN PRICE

$1,332,500

$1,412,000

6.0%

AVERAGE PRICE

$1,401,850

$1,429,822

2.0%

AVERAGE DOM

24

21

-12.5%

# OF CONTRACTS

176

183

4.0%

# NEW LISTINGS

195

215

10.3%

Condo/Co-op/Townhouse # OF SALES

46

35

-23.9%

SALES VOLUME

$17,269,427

$24,461,350

41.6%

MEDIAN PRICE

$312,000

$550,000

76.3%

AVERAGE PRICE

$375,422

$698,896

86.2%

AVERAGE DOM

36

25

-30.6%

# OF CONTRACTS

56

46

-17.9%

# NEW LISTINGS

50

56

12.0%

Montclair

Historic Sales

Year-To-Date

Full-Year

432

400

333

300

203

200

154

142

142

100

0

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$2.0M

$1.7M

$1.4M

$1.1M

$800K

2022

2023

2024

Newark

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

202

150

-25.7%

SALES VOLUME

$77,432,444

$66,534,499

-14.1%

MEDIAN PRICE

$367,500

$419,950

14.3%

AVERAGE PRICE

$383,329

$443,563

15.7%

AVERAGE DOM

58

49

-15.5%

# OF CONTRACTS

241

239

-0.8%

# NEW LISTINGS

336

304

-9.5%

Condo/Co-op/Townhouse # OF SALES

51

51

0.0%

SALES VOLUME

$16,934,945

$17,739,000

4.7%

MEDIAN PRICE

$325,000

$335,000

3.1%

AVERAGE PRICE

$332,058

$347,824

4.7%

AVERAGE DOM

50

43

-14.0%

# OF CONTRACTS

68

79

16.2%

# NEW LISTINGS

90

110

22.2%

Newark

Historic Sales

Year-To-Date

Full-Year

662

0 100 200 300 400 500 600

525

312

253

201

201

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$480K

$410K

$340K

$270K

$200K

2022

2023

2024

North Caldwell

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

18

24

33.3%

SALES VOLUME

$20,152,000

$27,310,000

35.5%

MEDIAN PRICE

$1,044,000

$947,500

-9.2%

AVERAGE PRICE

$1,119,556

$1,137,917

1.6%

AVERAGE DOM

43

26

-39.5%

# OF CONTRACTS

31

39

25.8%

# NEW LISTINGS

49

57

16.3%

Condo/Co-op/Townhouse # OF SALES

14

4

-71.4%

SALES VOLUME

$8,620,000

$3,146,900

-63.5%

MEDIAN PRICE

$566,500

$779,950

37.7%

AVERAGE PRICE

$615,714

$786,725

27.8%

AVERAGE DOM

25

21

-16.0%

# OF CONTRACTS

17

10

-41.2%

# NEW LISTINGS

17

7

-58.8%

North Caldwell

Historic Sales

Year-To-Date

Full-Year

98

82

0 20 40 60 80

44

32

28

28

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$1.5M

$1.3M

$1.1M

$900K

$700K

2022

2023

2024

Nutley

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

93

61

-34.4%

SALES VOLUME

$53,562,064

$40,144,423

-25.1%

MEDIAN PRICE

$535,000

$635,000

18.7%

AVERAGE PRICE

$575,936

$658,105

14.3%

AVERAGE DOM

35

28

-20.0%

# OF CONTRACTS

123

109

-11.4%

# NEW LISTINGS

125

128

2.4%

Condo/Co-op/Townhouse # OF SALES

46

30

-34.8%

SALES VOLUME

$16,144,200

$11,781,133

-27.0%

MEDIAN PRICE

$315,000

$323,000

2.5%

AVERAGE PRICE

$350,961

$392,704

11.9%

AVERAGE DOM

33

28

-15.2%

# OF CONTRACTS

46

37

-19.6%

# NEW LISTINGS

53

44

-17.0%

Nutley

Historic Sales

Year-To-Date

Full-Year

395

100 150 200 250 300 350

285

198

139

91

91

0 50

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$660K

$570K

$480K

$390K

$300K

2022

2023

2024

Orange

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

48

46

-4.2%

SALES VOLUME

$20,501,000

$23,443,700

14.4%

MEDIAN PRICE

$407,500

$467,500

14.7%

AVERAGE PRICE

$427,104

$509,646

19.3%

AVERAGE DOM

62

37

-40.3%

# OF CONTRACTS

64

63

-1.6%

# NEW LISTINGS

82

86

4.9%

Condo/Co-op/Townhouse # OF SALES

9

7

-22.2%

SALES VOLUME

$2,325,500

$2,321,800

-0.2%

MEDIAN PRICE

$260,000

$280,000

7.7%

AVERAGE PRICE

$258,389

$331,686

28.4%

AVERAGE DOM

57

40

-29.8%

# OF CONTRACTS

11

8

-27.3%

# NEW LISTINGS

19

11

-42.1%

Orange

Historic Sales

Year-To-Date

Full-Year

137

116

100 120

78

0 20 40 60 80

57

53

53

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$520K

$440K

$360K

$280K

$200K

2022

2023

2024

Roseland

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

22

21

-4.5%

SALES VOLUME

$15,864,600

$16,788,000

5.8%

MEDIAN PRICE

$693,500

$798,000

15.1%

AVERAGE PRICE

$721,118

$799,429

10.9%

AVERAGE DOM

52

29

-44.2%

# OF CONTRACTS

34

31

-8.8%

# NEW LISTINGS

32

36

12.5%

Condo/Co-op/Townhouse # OF SALES

14

6

-57.1%

SALES VOLUME

$8,022,165

$4,241,000

-47.1%

MEDIAN PRICE

$597,500

$742,500

24.3%

AVERAGE PRICE

$573,012

$706,833

23.4%

AVERAGE DOM

25

14

-44.0%

# OF CONTRACTS

14

10

-28.6%

# NEW LISTINGS

12

8

-33.3%

Roseland

Historic Sales

Year-To-Date

Full-Year

85

76

80

60

36

40

32

27

27

20

0

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$860K

$770K

$680K

$590K

$500K

2022

2023

2024

Short Hills

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

79

72

-8.9%

SALES VOLUME

$169,839,400

$160,763,863

-5.3%

MEDIAN PRICE

$2,009,000

$1,941,500

-3.4%

AVERAGE PRICE

$2,149,866

$2,232,831

3.9%

AVERAGE DOM

21

24

14.3%

# OF CONTRACTS

111

111

0.0%

# NEW LISTINGS

146

138

-5.5%

Condo/Co-op/Townhouse # OF SALES

0

1

0.0%

SALES VOLUME

-

$1,685,000

-

MEDIAN PRICE

-

$1,685,000

-

AVERAGE PRICE

-

$1,685,000

-

AVERAGE DOM

-

15

-

# OF CONTRACTS

0

2

0.0%

# NEW LISTINGS

0

1

0.0%

Short Hills

Historic Sales

Year-To-Date

Full-Year

212

200

168

150

105

100

79

73

73

50

0

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$2.4M

$1.8M

$1.2M

$600K

$0

2022

2023

2024

South Orange

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

64

75

17.2%

SALES VOLUME

$63,376,623

$84,913,116

34.0%

MEDIAN PRICE

$953,000

$1,100,000

15.4%

AVERAGE PRICE

$990,260

$1,132,175

14.3%

AVERAGE DOM

30

19

-36.7%

# OF CONTRACTS

90

103

14.4%

# NEW LISTINGS

119

121

1.7%

Condo/Co-op/Townhouse # OF SALES

8

9

12.5%

SALES VOLUME

$3,701,500

$4,746,000

28.2%

MEDIAN PRICE

$323,750

$511,000

57.8%

AVERAGE PRICE

$462,688

$527,333

14.0%

AVERAGE DOM

47

17

-63.8%

# OF CONTRACTS

10

11

10.0%

# NEW LISTINGS

15

19

26.7%

South Orange

Historic Sales

Year-To-Date

Full-Year

195

174

150

102

100

84

84

72

50

0

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$1.5M

$1.3M

$1.1M

$900K

$700K

2022

2023

2024

Verona

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

48

33

-31.2%

SALES VOLUME

$33,657,516

$29,095,802

-13.6%

MEDIAN PRICE

$672,500

$821,000

22.1%

AVERAGE PRICE

$701,198

$881,691

25.7%

AVERAGE DOM

30

31

3.3%

# OF CONTRACTS

61

49

-19.7%

# NEW LISTINGS

75

61

-18.7%

Condo/Co-op/Townhouse # OF SALES

33

34

3.0%

SALES VOLUME

$10,982,900

$15,848,484

44.3%

MEDIAN PRICE

$265,000

$484,500

82.8%

AVERAGE PRICE

$332,815

$466,132

40.1%

AVERAGE DOM

39

35

-10.3%

# OF CONTRACTS

47

36

-23.4%

# NEW LISTINGS

53

50

-5.7%

Verona

Historic Sales

Year-To-Date

Full-Year

245

193

100 150 200

118

81

67

67

0 50

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$720K

$640K

$560K

$480K

$400K

2022

2023

2024

West Caldwell

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

45

38

-15.6%

SALES VOLUME

$28,033,512

$27,983,725

-0.2%

MEDIAN PRICE

$585,000

$700,000

19.7%

AVERAGE PRICE

$622,967

$736,414

18.2%

AVERAGE DOM

27

24

-11.1%

# OF CONTRACTS

59

51

-13.6%

# NEW LISTINGS

55

52

-5.5%

Condo/Co-op/Townhouse # OF SALES

0

3

0.0%

SALES VOLUME

-

$1,200,000

-

MEDIAN PRICE

-

$400,000

-

AVERAGE PRICE

-

$400,000

-

AVERAGE DOM

-

15

-

# OF CONTRACTS

0

6

0.0%

# NEW LISTINGS

0

6

0.0%

West Caldwell

Historic Sales

Year-To-Date

Full-Year

137

100 120

96

0 20 40 60 80

54

45

41

41

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$780K

$710K

$640K

$570K

$500K

2022

2023

2024

West Orange

YTD 2023

YTD 2024

% Change

Single-Family

# OF SALES

184

136

-26.1%

SALES VOLUME

$122,254,009

$95,572,905

-21.8%

MEDIAN PRICE

$625,000

$658,133

5.3%

AVERAGE PRICE

$664,424

$702,742

5.8%

AVERAGE DOM

28

44

57.1%

# OF CONTRACTS

243

200

-17.7%

# NEW LISTINGS

266

227

-14.7%

Condo/Co-op/Townhouse # OF SALES

63

80

27.0%

SALES VOLUME

$30,375,501

$43,239,572

42.4%

MEDIAN PRICE

$485,000

$550,000

13.4%

AVERAGE PRICE

$482,151

$540,495

12.1%

AVERAGE DOM

32

20

-37.5%

# OF CONTRACTS

83

100

20.5%

# NEW LISTINGS

87

113

29.9%

West Orange

Historic Sales

Year-To-Date

Full-Year

675

0 100 200 300 400 500 600

539

303

247

216

216

2022

2023

2024

Historic Sales Prices

Median Price

Average Price

$720K

$640K

$560K

$480K

$400K

2022

2023

2024

Source: Garden State MLS, 01/01/2022 to 06/30/2024 Source: NJMLS, 01/01/2022 to 06/30/2024 Source: Hudson MLS, 01/01/2022 to 06/30/2024

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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