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

Thu Jul 03 2025
This week the median list price for South Orange, NJ 07079 is $899,000 with the market action index hovering around 68. This is less than last month's market action index of 77. Inventory has held steady at or around 23. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

South Orange, NJ 07079

Thu Jul 03 2025
This week the median list price for South Orange, NJ 07079 is $899,000 with the market action index hovering around 68. This is less than last month's market action index of 77. Inventory has held steady at or around 23. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the South Orange market.
Median List Price $899,000
Median Price of New Listings $825,000
Per Square Foot $333
Average Days on Market 36
Median Days on Market 21
Price Decreased 22%
Price Increased 0%
Relisted 26%
Inventory 23
Median Rent
Market Action 68
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks 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
$1,225,000 0 0.25 - 0.5 acre 5 4 108 2 1 21
$963,500 2,778 4,500 - 6,500 sqft 4 3.8 54 0 1 28
$799,000 2,393 6,500 - 8,000 sqft 3 2.5 94 2 3 21
$675,000 0 4,500 - 6,500 sqft 4 2 103 1 0 21