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Palisades Park, NJ 07650
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Palisades Park, NJ 07650
Wed Dec 18 2024
This week the median list price for Palisades Park, NJ 07650 is $1,199,000 with the market action index hovering around 36. This is an increase over last month's market action index of 33. Inventory has decreased to 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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 and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $1,199,000 | |
| Median Price of New Listings | $762,000 | |
| Per Square Foot | $0 | |
| Average Days on Market | 66 | |
| Median Days on Market | 56 | |
| Price Decreased | 6% | |
| Price Increased | 6% | |
| Relisted | 0% | |
| Inventory | 17 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,349,999 | 0 | - | 3 | 3.5 | NaN | 0 | 1 | 45 |
| $1,259,500 | 0 | - | 3 | 3.5 | 4 | 0 | 0 | 59 |
| $1,142,500 | 0 | - | 3 | 3.5 | 14 | 0 | 1 | 63 |
| $810,000 | 0 | - | 3 | 3.5 | 29 | 2 | 2 | 56 |