Melissa DeSantis' Market Report

Howell, NJ 07731

Single-Family Homes

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



Howell, NJ 07731

Wed Feb 21 2024
This week the median list price for Howell, NJ 07731 is $724,462 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has increased to 56. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Howell, NJ 07731

Wed Feb 21 2024
This week the median list price for Howell, NJ 07731 is $724,462 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has increased to 56. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Howell market.
Median List Price $724,462
Median Price of New Listings $719,900
Per Square Foot $332
Average Days on Market 71
Median Days on Market 14
Price Decreased 25%
Price Increased 7%
Relisted 14%
Inventory 56
Median Rent
Market Action 49
Strong Seller's Market

Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.

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 3,017 2.5 - 5 acres 4 3 25 2 2 84
$806,970 2,625 0.25 - 0.5 acre 4 3 26 3 2 14
$677,000 1,993 0.25 - 0.5 acre 4 2.3 37 3 3 10
$499,950 1,751 0.25 - 0.5 acre 3 2 65 3 3 14