Melissa DeSantis' Market Report

Englishtown, NJ 07726 - Manalapan

Single-Family Homes

eXp Realty - 732-757-2522 - mdesantisrealestate@gmail.com



Englishtown, NJ 07726 - Manalapan

Sat Nov 27 2021
This week the median list price for Englishtown, NJ 07726 - Manalapan is $599,900 with the market action index hovering around 38. This is an increase over last month's market action index of 33. Inventory has held steady at or around 87. Click here to stay informed with the Englishtown market!

Market Action Index

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

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Englishtown, NJ 07726 - Manalapan

Sat Nov 27 2021
This week the median list price for Englishtown, NJ 07726 - Manalapan is $599,900 with the market action index hovering around 38. This is an increase over last month's market action index of 33. Inventory has held steady at or around 87. Click here to stay informed with the Englishtown market!

Market Action Index

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

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Englishtown market.
Median List Price $599,900
Median Price of New Listings $579,500
Per Square Foot $267
Average Days on Market 64
Median Days on Market 28
Price Decreased 21%
Price Increased 1%
Relisted 7%
Inventory 87
Median Rent $2,625
Market Action 38
Slight Seller's Advantage

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
$1,060,000 4,000 1 - 2.5 acres 5 4 21 2 1 56
$717,000 2,204 0.5 - 1 acre 4 2 29 5 6 35
$552,500 1,712 0.5 - 1 acre 3 2 52 6 2 31
$249,999 1,130 0 - 4,500 sqft 2 1 45 3 5 28