Melissa DeSantis' Market Report

Freehold, NJ 07728

Single-Family Homes

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



Freehold, NJ 07728

Mon Jun 17 2024
This week the median list price for Freehold, NJ 07728 is $737,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has increased to 72. Click here to stay informed with the Freehold market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Freehold, NJ 07728

Mon Jun 17 2024
This week the median list price for Freehold, NJ 07728 is $737,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has increased to 72. Click here to stay informed with the Freehold market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Freehold market.
Median List Price $737,000
Median Price of New Listings $812,450
Per Square Foot $315
Average Days on Market 55
Median Days on Market 21
Price Decreased 24%
Price Increased 4%
Relisted 4%
Inventory 72
Median Rent
Market Action 53
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
$1,097,500 3,545 1 - 2.5 acres 5 3.5 21 6 3 24
$837,000 2,490 1 - 2.5 acres 4 2.5 54 5 3 7
$621,950 2,037 0.5 - 1 acre 3 2 41 4 3 38
$339,500 1,088 0 - 4,500 sqft 2 1 57 3 1 21