Courtney's NJ Market Insights
New Vernon, NJ
Single-Family Homes
Courtney Orlando | 732.921.1825 | https://www.courtneyorlandogroup.com/
New Vernon, NJ
Thu Jul 30 2026
This week the median list price for New Vernon, NJ is $2,372,500 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has decreased to 2.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $2,372,500 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $0 | |
| Average Days on Market | 49 | |
| Median Days on Market | 49 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 2 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,750,000 | 0 | 2.5 - 5 acres | 4 | 2.5 | 161 | 0 | 0 | 63 |
| $0 | 0 | - | NaN | 0 | NaN | 0 | 0 | NaN |
| $1,995,000 | 0 | 2.5 - 5 acres | 4 | 3.5 | 236 | 0 | 0 | 35 |
| $0 | 0 | - | NaN | 0 | NaN | 0 | 0 | NaN |