Melissa DeSantis' Market Report
Freehold, NJ 07728
Single-Family Homes
REAL Broker - 732-757-2522 - mdesantisrealestate@gmail.com
Freehold, NJ 07728
Sat Jul 27 2024
This week the median list price for Freehold, NJ 07728 is $700,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has increased to 75.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $700,000 | |
| Median Price of New Listings | $662,500 | |
| Per Square Foot | $315 | |
| Average Days on Market | 61 | |
| Median Days on Market | 35 | |
| Price Decreased | 33% | |
| Price Increased | 4% | |
| Relisted | 8% | |
| Inventory | 75 | |
| Median Rent | ||
| Market Action | 57 | |
| Strong Seller's Market | ||
In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,387,000 | 4,270 | 1 - 2.5 acres | 5 | 4.3 | 21 | 5 | 3 | 14 |
| $819,000 | 2,558 | 0.5 - 1 acre | 4 | 2.5 | 53 | 0 | 1 | 56 |
| $599,000 | 1,710 | 0.25 - 0.5 acre | 3 | 2 | 69 | 3 | 5 | 21 |
| $344,900 | 1,127 | 0 - 4,500 sqft | 2 | 1.5 | 57 | 4 | 3 | 42 |