Allison Ziefert's Market Reports

South Orange, NJ 07079

Single-Family Homes

Allison Ziefert Real Estate Group | allison@azhomesnj.com | 973.310.6816


South Orange, NJ 07079

Sat Jun 14 2025
This week the median list price for South Orange, NJ 07079 is $919,000 with the market action index hovering around 77. This is less than last month's market action index of 83. Inventory has held steady at or around 20. Click here to stay informed with the South Orange market!

Market Action Index

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

Strong Seller's Market

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

South Orange, NJ 07079

Sat Jun 14 2025
This week the median list price for South Orange, NJ 07079 is $919,000 with the market action index hovering around 77. This is less than last month's market action index of 83. Inventory has held steady at or around 20. Click here to stay informed with the South Orange market!

Market Action Index

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

Strong Seller's Market

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the South Orange market.
Median List Price $919,000
Median Price of New Listings $988,000
Per Square Foot $399
Average Days on Market 28
Median Days on Market 14
Price Decreased 10%
Price Increased 0%
Relisted 15%
Inventory 20
Median Rent
Market Action 77
Strong Seller's Market

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$1,250,000 3,456 6,500 - 8,000 sqft 4 4 91 2 0 14
$1,049,000 2,100 8,000 - 10,000 sqft 4 3.5 90 2 0 7
$875,000 2,393 4,500 - 6,500 sqft 4 2.5 95 2 2 28
$689,000 1,796 0 - 4,500 sqft 4 2 110 1 0 35