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Palisades Park, NJ 07650

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Palisades Park, NJ 07650

Thu Apr 25 2024
This week the median list price for Palisades Park, NJ 07650 is $675,000 with the market action index hovering around 39. This is an increase over last month's market action index of 33. Inventory has increased to 4. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Palisades Park, NJ 07650

Thu Apr 25 2024
This week the median list price for Palisades Park, NJ 07650 is $675,000 with the market action index hovering around 39. This is an increase over last month's market action index of 33. Inventory has increased to 4. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Palisades Park market.
Median List Price $675,000
Median Price of New Listings $0
Per Square Foot $505
Average Days on Market 116
Median Days on Market 60
Price Decreased 25%
Price Increased 25%
Relisted 25%
Inventory 4
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,375,000 2,744 6,500 - 8,000 sqft 6 3.5 95 0 0 63
$675,000 1,323 0 - 4,500 sqft 4 2 68 0 0 14
$675,000 1,326 0 - 4,500 sqft 3 1.5 89 0 0 329
$624,000 1,554 0 - 4,500 sqft 3 1 104 0 0 56