Allison Ziefert's Market Reports
Maplewood, NJ 07040
Single-Family Homes
Allison Ziefert Real Estate Group | allison@azhomesnj.com | 973.310.6816
Maplewood, NJ 07040
Fri Apr 19 2024
This week the median list price for Maplewood, NJ 07040 is $759,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has increased to 20.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $759,000 | |
| Median Price of New Listings | $739,000 | |
| Per Square Foot | $395 | |
| Average Days on Market | 160 | |
| Median Days on Market | 21 | |
| Price Decreased | 20% | |
| Price Increased | 15% | |
| Relisted | 30% | |
| Inventory | 20 | |
| Median Rent | ||
| Market Action | 68 | |
| Strong Seller's Market | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,700,000 | 3,371 | 0.25 - 0.5 acre | 5 | 4.5 | 99 | 0 | 0 | 21 |
| $899,000 | 2,269 | 8,000 - 10,000 sqft | 4 | 3.5 | 99 | 3 | 0 | 0 |
| $719,000 | 1,596 | 4,500 - 6,500 sqft | 3 | 1.5 | 92 | 3 | 0 | 21 |
| $560,000 | 1,478 | 4,500 - 6,500 sqft | 3 | 2.5 | 100 | 2 | 1 | 84 |