Melissa DeSantis' Market Report

Freehold, NJ 07728

Single-Family Homes

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



Freehold, NJ 07728

Wed Feb 21 2024
This week the median list price for Freehold, NJ 07728 is $575,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has increased to 62. 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.

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.

Freehold, NJ 07728

Wed Feb 21 2024
This week the median list price for Freehold, NJ 07728 is $575,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has increased to 62. 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.

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 Freehold market.
Median List Price $575,000
Median Price of New Listings $702,450
Per Square Foot $314
Average Days on Market 78
Median Days on Market 53
Price Decreased 19%
Price Increased 19%
Relisted 6%
Inventory 62
Median Rent
Market Action 44
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
$1,100,000 3,883 1 - 2.5 acres 4 4 25 3 1 63
$719,732 2,140 0.5 - 1 acre 3 2 28 6 3 21
$464,499 1,522 0.25 - 0.5 acre 3 2 57 3 0 59
$336,450 1,014 0 - 4,500 sqft 2 1.5 57 2 1 49