Melissa DeSantis' Market Report
Englishtown, NJ 07726 - Manalapan
Single-Family Homes
REAL Broker - 732-757-2522 - mdesantisrealestate@gmail.com
Englishtown, NJ 07726 - Manalapan
Fri Jul 26 2024
This week the median list price for Englishtown, NJ 07726 - Manalapan is $824,900 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has decreased to 60.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $824,900 | |
| Median Price of New Listings | $754,950 | |
| Per Square Foot | $349 | |
| Average Days on Market | 69 | |
| Median Days on Market | 39 | |
| Price Decreased | 32% | |
| Price Increased | 5% | |
| Relisted | 7% | |
| Inventory | 60 | |
| Median Rent | ||
| Market Action | 54 | |
| Strong Seller's Market | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,200,000 | 3,394 | 1 - 2.5 acres | 4 | 3 | 25 | 3 | 1 | 28 |
| $899,999 | 2,584 | 0.5 - 1 acre | 4 | 3 | 17 | 3 | 0 | 35 |
| $749,000 | 2,070 | 0.25 - 0.5 acre | 3 | 2 | 26 | 4 | 2 | 56 |
| $320,000 | 1,130 | 0 - 4,500 sqft | 2 | 1.5 | 50 | 4 | 3 | 42 |