Melissa DeSantis' Market Report

Howell, NJ 07731

Single-Family Homes

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



Howell, NJ 07731

Mon Jun 05 2023
This week the median list price for Howell, NJ 07731 is $632,000 with the market action index hovering around 58. This is an increase over last month's market action index of 57. Inventory has decreased to 52. 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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Howell, NJ 07731

Mon Jun 05 2023
This week the median list price for Howell, NJ 07731 is $632,000 with the market action index hovering around 58. This is an increase over last month's market action index of 57. Inventory has decreased to 52. 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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Howell market.
Median List Price $632,000
Median Price of New Listings $599,000
Per Square Foot $299
Average Days on Market 73
Median Days on Market 35
Price Decreased 31%
Price Increased 2%
Relisted 17%
Inventory 52
Median Rent
Market Action 58
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
$985,000 3,031 1 - 2.5 acres 5 3 22 1 0 126
$690,000 2,328 8,000 - 10,000 sqft 4 2.5 33 3 4 35
$599,000 2,032 0.25 - 0.5 acre 4 2.5 37 4 3 14
$440,000 1,632 0.25 - 0.5 acre 3 1.5 65 5 5 42