Melissa DeSantis' Market Report

Freehold, NJ 07728

Single-Family Homes

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


Freehold, NJ 07728

Sat Aug 13 2022
This week the median list price for Freehold, NJ 07728 is $699,000 with the market action index hovering around 65. This is less than last month's market action index of 70. Inventory has increased to 77. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Sat Aug 13 2022
This week the median list price for Freehold, NJ 07728 is $699,000 with the market action index hovering around 65. This is less than last month's market action index of 70. Inventory has increased to 77. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $699,000
Median Price of New Listings $645,000
Per Square Foot $275
Average Days on Market 37
Median Days on Market 28
Price Decreased 27%
Price Increased 3%
Relisted 8%
Inventory 77
Median Rent
Market Action 65
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,189,900 4,090 1 - 2.5 acres 5 3.5 19 3 2 28
$783,290 2,830 0.5 - 1 acre 4 2.5 36 4 2 28
$587,500 2,000 0.25 - 0.5 acre 4 2 55 4 6 14
$325,000 1,239 4,500 - 6,500 sqft 2 1.5 55 6 4 17