Lina Panza's Market Report

West Orange, NJ 07052

Single-Family Homes

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



West Orange, NJ 07052

Sun Mar 03 2024
This week the median list price for West Orange, NJ 07052 is $587,400 with the market action index hovering around 55. This is an increase over last month's market action index of 45. Inventory has decreased to 26. Click here to stay informed with the West Orange market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

West Orange, NJ 07052

Sun Mar 03 2024
This week the median list price for West Orange, NJ 07052 is $587,400 with the market action index hovering around 55. This is an increase over last month's market action index of 45. Inventory has decreased to 26. Click here to stay informed with the West Orange market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the West Orange market.
Median List Price $587,400
Median Price of New Listings $485,000
Per Square Foot $311
Average Days on Market 67
Median Days on Market 25
Price Decreased 15%
Price Increased 8%
Relisted 19%
Inventory 26
Median Rent
Market Action 55
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$1,297,000 5,220 1 - 2.5 acres 5 5.5 70 0 2 52
$672,500 2,117 6,500 - 8,000 sqft 4 3 65 1 1 31
$535,000 1,441 4,500 - 6,500 sqft 3 2 71 2 3 21
$450,000 1,434 4,500 - 6,500 sqft 3 2 97 2 1 14