Melissa DeSantis' Market Report

Howell, NJ 07731

Single-Family Homes

REAL Broker - 732-757-2522 - mdesantisrealestate@gmail.com



Howell, NJ 07731

Sun Jul 14 2024
This week the median list price for Howell, NJ 07731 is $699,999 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 65. Click here to stay informed with the Howell 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.

Howell, NJ 07731

Sun Jul 14 2024
This week the median list price for Howell, NJ 07731 is $699,999 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 65. Click here to stay informed with the Howell 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 Howell market.
Median List Price $699,999
Median Price of New Listings $675,000
Per Square Foot $349
Average Days on Market 60
Median Days on Market 21
Price Decreased 35%
Price Increased 5%
Relisted 8%
Inventory 65
Median Rent
Market Action 58
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
$902,409 3,223 1 - 2.5 acres 5 3.5 17 1 3 38
$749,950 2,108 8,000 - 10,000 sqft 4 2.5 28 3 3 10
$649,000 1,695 0.25 - 0.5 acre 4 2.3 55 3 5 45
$499,999 1,392 0.25 - 0.5 acre 3 2 60 4 5 14