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Palisades Park, NJ 07650

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Palisades Park, NJ 07650

Wed Oct 09 2024
This week the median list price for Palisades Park, NJ 07650 is $847,500 with the market action index hovering around 37. This is less than last month's market action index of 45. Inventory has held steady at or around 8. Click here to stay informed with the Palisades Park market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Palisades Park, NJ 07650

Wed Oct 09 2024
This week the median list price for Palisades Park, NJ 07650 is $847,500 with the market action index hovering around 37. This is less than last month's market action index of 45. Inventory has held steady at or around 8. Click here to stay informed with the Palisades Park market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palisades Park market.
Median List Price $847,500
Median Price of New Listings $559,000
Per Square Foot $512
Average Days on Market 125
Median Days on Market 70
Price Decreased 25%
Price Increased 0%
Relisted 13%
Inventory 8
Median Rent
Market Action 37
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$1,234,503 3,205 6,500 - 8,000 sqft 3 3.3 39 0 0 98
$920,000 1,598 4,500 - 6,500 sqft 4 2 44 0 0 63
$682,500 1,288 0 - 4,500 sqft 3 2 104 0 0 262
$509,000 884 0 - 4,500 sqft 2 2 69 1 0 77