Lina Panza's Market Report

South Orange, NJ 07079

Condos/Townhomes

Keller Williams NJ Metro | www.WalkableSuburb.com | 973-809-5277



Current active inventory in South Orange, NJ 07079 is very low. Keep this in mind when looking at this report.

South Orange, NJ 07079

Sun Mar 03 2024
This week the median list price for South Orange, NJ 07079 is $581,500 with the market action index hovering around 59. This is an increase over last month's market action index of 45. Inventory has held steady at or around 2. Click here to stay informed with the South Orange market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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.

South Orange, NJ 07079

Sun Mar 03 2024
This week the median list price for South Orange, NJ 07079 is $581,500 with the market action index hovering around 59. This is an increase over last month's market action index of 45. Inventory has held steady at or around 2. Click here to stay informed with the South Orange market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Never miss important changes in the South Orange market.
Median List Price $581,500
Median Price of New Listings $0
Per Square Foot $486
Average Days on Market 7
Median Days on Market 7
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 59
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move 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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$588,000 0 - 2 2.5 35 0 0 7
$575,000 1,182 - 2 2 16 0 0 7