Melissa DeSantis' Market Report

Marlboro, NJ 07746

Single-Family Homes

REAL Broker - 732-757-2522 - mdesantisrealestate@gmail.com



Marlboro, NJ 07746

Thu Mar 28 2024
This week the median list price for Marlboro, NJ 07746 is $899,900 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 23. Click here to stay informed with the Marlboro market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Marlboro, NJ 07746

Thu Mar 28 2024
This week the median list price for Marlboro, NJ 07746 is $899,900 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 23. Click here to stay informed with the Marlboro market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Marlboro market.
Median List Price $899,900
Median Price of New Listings $885,750
Per Square Foot $335
Average Days on Market 130
Median Days on Market 42
Price Decreased 0%
Price Increased 13%
Relisted 13%
Inventory 23
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,750,000 5,871 5 - 10 acres 5 3.5 32 0 1 322
$1,196,245 3,321 0.5 - 1 acre 5 4 1 0 0 178
$862,450 2,549 0.5 - 1 acre 4 2.8 34 2 0 21
$634,500 2,188 0.25 - 0.5 acre 3 2.5 37 0 3 21