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Palisades Park, NJ 07650

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Palisades Park, NJ 07650

Sat Sep 07 2024
This week the median list price for Palisades Park, NJ 07650 is $920,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has decreased to 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

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.

Palisades Park, NJ 07650

Sat Sep 07 2024
This week the median list price for Palisades Park, NJ 07650 is $920,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has decreased to 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

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 Palisades Park market.
Median List Price $920,000
Median Price of New Listings $1,549,007
Per Square Foot $584
Average Days on Market 95
Median Days on Market 35
Price Decreased 13%
Price Increased 13%
Relisted 13%
Inventory 8
Median Rent
Market Action 42
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,249,503 1,444 4,500 - 6,500 sqft 3 3.5 54 1 0 63
$920,000 1,858 4,500 - 6,500 sqft 4 2 44 0 0 28
$757,500 1,142 4,500 - 6,500 sqft 3 2.5 59 0 0 35
$524,500 1,326 0 - 4,500 sqft 2 1.3 94 0 0 252