LANA HENRIQUES Real Estate Market Report
Demarest, NJ 07627
Single-Family Homes
NJ Real Estate Expert| Realtor® |201-310-6560
Demarest, NJ 07627
Fri May 10 2024
This week the median list price for Demarest, NJ 07627 is $1,899,999 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 13.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,899,999 | |
| Median Price of New Listings | $1,293,500 | |
| Per Square Foot | $607 | |
| Average Days on Market | 71 | |
| Median Days on Market | 14 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,100,000 | 6,252 | 0.5 - 1 acre | 6 | 7 | 7 | 0 | 0 | 28 |
| $2,898,000 | 2,868 | 0.5 - 1 acre | 6 | 5.5 | 42 | 0 | 0 | 161 |
| $1,700,000 | 3,290 | 0.5 - 1 acre | 5 | 4.5 | 65 | 1 | 0 | 14 |
| $1,144,000 | 1,703 | 4,500 - 6,500 sqft | 4 | 2.5 | 53 | 1 | 1 | 7 |