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Edgewater, NJ 07020

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Edgewater, NJ 07020

Thu Mar 28 2024
This week the median list price for Edgewater, NJ 07020 is $1,875,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has increased to 7. Click here to stay informed with the Edgewater market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Edgewater, NJ 07020

Thu Mar 28 2024
This week the median list price for Edgewater, NJ 07020 is $1,875,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has increased to 7. Click here to stay informed with the Edgewater market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Edgewater market.
Median List Price $1,875,000
Median Price of New Listings $3,200,000
Per Square Foot $538
Average Days on Market 101
Median Days on Market 70
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 42
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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
$3,200,000 0 - 3 2.5 NaN 1 0 21
$2,449,500 1,389 0 - 4,500 sqft 4 4.8 104 0 0 73
$1,837,000 2,674 4,500 - 6,500 sqft 4 4.8 80 0 2 217
$1,093,000 2,822 4,500 - 6,500 sqft 3 2.3 60 0 0 52