Lina Panza's Market Report

Verona, NJ 07044

Condos/Townhomes

Keller Williams NJ Metro | www.WalkableSuburb.com | 973-809-5277



Verona, NJ 07044

Sun Mar 03 2024
This week the median list price for Verona, NJ 07044 is $560,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has held steady at or around 9. Click here to stay informed with the Verona market!

Market Action Index

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Verona, NJ 07044

Sun Mar 03 2024
This week the median list price for Verona, NJ 07044 is $560,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has held steady at or around 9. Click here to stay informed with the Verona market!

Market Action Index

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Verona market.
Median List Price $560,000
Median Price of New Listings $260,000
Per Square Foot $425
Average Days on Market 124
Median Days on Market 35
Price Decreased 11%
Price Increased 0%
Relisted 11%
Inventory 9
Median Rent
Market Action 43
Slight Seller's Advantage

We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly deviate from these levels.

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
$1,024,500 2,488 - 2 2.3 53 0 0 220
$690,000 0 - 2 2 48 0 1 276
$542,500 0 - 2 2.3 44 0 0 35
$260,000 0 0 - 4,500 sqft 1 1 67 1 1 14