The Good Life Group's Market Report
West Orange, NJ 07052
Single-Family Homes
Amy Paternite | 917-442-5130 and Ben Garrison | 917-940-3158
West Orange, NJ 07052
Mon Apr 21 2025
This week the median list price for West Orange, NJ 07052 is $689,000 with the market action index hovering around 62. This is an increase over last month's market action index of 47. Inventory has decreased to 35.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
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
| Median List Price | $689,000 | |
| Median Price of New Listings | $599,450 | |
| Per Square Foot | $344 | |
| Average Days on Market | 55 | |
| Median Days on Market | 35 | |
| Price Decreased | 17% | |
| Price Increased | 3% | |
| Relisted | 26% | |
| Inventory | 35 | |
| Median Rent | ||
| Market Action | 62 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $1,093,500 | 4,127 | 0.25 - 0.5 acre | 5 | 3.5 | 86 | 2 | 2 | 56 |
| $799,900 | 2,275 | 8,000 - 10,000 sqft | 4 | 3 | 75 | 3 | 4 | 28 |
| $600,000 | 1,871 | 6,500 - 8,000 sqft | 3 | 2 | 96 | 3 | 1 | 14 |
| $510,000 | 0 | 4,500 - 6,500 sqft | 3 | 2 | 84 | 4 | 4 | 63 |