Melissa DeSantis' Market Report

Marlboro, NJ 07746

Single-Family Homes

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


Marlboro, NJ 07746

Tue Jun 06 2023
This week the median list price for Marlboro, NJ 07746 is $699,450 with the market action index hovering around 62. This is less than last month's market action index of 71. Inventory has held steady at or around 24. 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.

Strong Seller's Market

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

Tue Jun 06 2023
This week the median list price for Marlboro, NJ 07746 is $699,450 with the market action index hovering around 62. This is less than last month's market action index of 71. Inventory has held steady at or around 24. 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.

Strong Seller's Market

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 $699,450
Median Price of New Listings $582,000
Per Square Foot $331
Average Days on Market 66
Median Days on Market 28
Price Decreased 17%
Price Increased 13%
Relisted 29%
Inventory 24
Median Rent
Market Action 62
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. 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
$1,699,500 3,893 1 - 2.5 acres 5 3.5 18 0 0 133
$922,500 2,850 0.5 - 1 acre 4 3.3 37 1 2 17
$659,000 2,016 0.25 - 0.5 acre 3 2.5 54 1 1 17
$501,500 1,468 6,500 - 8,000 sqft 2 2 40 2 2 28