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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|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|
|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.
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|