Melissa DeSantis' Market Report

Howell, NJ 07731

Single-Family Homes

eXp Realty - 732-757-2522 - mdesantisrealestate@gmail.com



Howell, NJ 07731

Sat Aug 13 2022
This week the median list price for Howell, NJ 07731 is $629,900 with the market action index hovering around 75. This is less than last month's market action index of 78. Inventory has increased to 59. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Sat Aug 13 2022
This week the median list price for Howell, NJ 07731 is $629,900 with the market action index hovering around 75. This is less than last month's market action index of 78. Inventory has increased to 59. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $629,900
Median Price of New Listings $629,900
Per Square Foot $295
Average Days on Market 39
Median Days on Market 21
Price Decreased 22%
Price Increased 8%
Relisted 7%
Inventory 59
Median Rent
Market Action 75
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$869,000 3,187 1 - 2.5 acres 4 3 25 4 1 17
$679,000 2,621 8,000 - 10,000 sqft 4 2.5 23 4 5 35
$550,000 1,912 8,000 - 10,000 sqft 4 2.5 38 4 7 35
$420,000 1,271 0.25 - 0.5 acre 3 1.5 50 5 5 7