Melissa DeSantis' Market Report

Howell, NJ 07731

Single-Family Homes

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



Howell, NJ 07731

Sun Dec 03 2023
This week the median list price for Howell, NJ 07731 is $639,000 with the market action index hovering around 50. This is less than last month's market action index of 54. Inventory has decreased to 57. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Howell, NJ 07731

Sun Dec 03 2023
This week the median list price for Howell, NJ 07731 is $639,000 with the market action index hovering around 50. This is less than last month's market action index of 54. Inventory has decreased to 57. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Howell market.
Median List Price $639,000
Median Price of New Listings $549,000
Per Square Foot $315
Average Days on Market 82
Median Days on Market 35
Price Decreased 42%
Price Increased 2%
Relisted 18%
Inventory 57
Median Rent
Market Action 50
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,099,450 3,032 1 - 2.5 acres 4 3.3 22 0 0 80
$694,000 2,197 0.25 - 0.5 acre 4 2.5 42 1 3 35
$592,450 1,784 8,000 - 10,000 sqft 3 2.5 40 1 0 28
$499,200 1,758 8,000 - 10,000 sqft 3 2 51 1 1 35