Melissa DeSantis' Market Report

Freehold, NJ 07728

Single-Family Homes

eXp Realty - 732-757-2522 - mdesantisrealestate@gmail.com



Freehold, NJ 07728

Sat Nov 27 2021
This week the median list price for Freehold, NJ 07728 is $485,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 100. Click here to stay informed with the Freehold market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Freehold, NJ 07728

Sat Nov 27 2021
This week the median list price for Freehold, NJ 07728 is $485,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 100. Click here to stay informed with the Freehold market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Freehold market.
Median List Price $485,000
Median Price of New Listings $525,000
Per Square Foot $250
Average Days on Market 64
Median Days on Market 35
Price Decreased 21%
Price Increased 4%
Relisted 7%
Inventory 100
Median Rent $1,850
Market Action 37
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$849,000 3,198 1 - 2.5 acres 5 3 25 2 5 49
$599,900 2,200 0.5 - 1 acre 4 2 51 4 4 49
$400,000 1,658 8,000 - 10,000 sqft 3 2 63 5 3 35
$269,900 1,056 0 - 4,500 sqft 2 1 54 0 0 28