Market Reports | Costa Real Estate

NJ Real Estate Market Reports

The absorption rate is a measure of the current supply of inventory on the market, expressed in months. A low absorption rate, below 5 months, indicates a seller's market, where there is high demand and low supply. An absorption rate between 5 and 7 months indicates a balanced market. When the absorption rate is above 7 months, we are in a buyer's market, where there is a surplus of supply relative to demand.

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Belleville Twp.

Months Supply:

1.28

Avg. Sales Price:

$362,691

Cedar Grove Twp.

Months Supply:

1.03

Avg. Sales Price:

$681,082

Essex Fells Twp.

Months Supply:

1.54

Avg. Sales Price:

$1,052,607

Irvington Twp.

Months Supply:

1.15

Avg. Sales Price:

$299,467

Millburn Twp.

Months Supply:

0.37

Avg. Sales Price:

$1,684,910

North Caldwell Boro

Months Supply:

0.46

Avg. Sales Price:

$1,039,600

South Orange Village Twp.

Months Supply:

0.22

Avg. Sales Price:

$875,446

West Orange Twp.

Months Supply:

0.74

Avg. Sales Price:

$579,218

Bloomsbury Boro

Months Supply:

3.61

Avg. Sales Price:

$345,223

Clinton Twp.

Months Supply:

0.76

Avg. Sales Price:

$536,165

Flemington Boro

Months Supply:

0.43

Avg. Sales Price:

$384,469

Glen Gardner Boro

Months Supply:

0.34

Avg. Sales Price:

$248,188

Holland Twp.

Months Supply:

1.68

Avg. Sales Price:

$450,159

Lebanon Boro

Months Supply:

Avg. Sales Price:

$319,986

Raritan Twp.

Months Supply:

1.12

Avg. Sales Price:

$544,757

Tewksbury Twp.

Months Supply:

2.05

Avg. Sales Price:

$966,743

Boonton Town

Months Supply:

0.7

Avg. Sales Price:

$509,080

Chatham Boro

Months Supply:

0.37

Avg. Sales Price:

$1,047,346

Chester Twp.

Months Supply:

1.06

Avg. Sales Price:

$907,685

East Hanover Twp.

Months Supply:

2.03

Avg. Sales Price:

$687,220

Harding Twp.

Months Supply:

Avg. Sales Price:

$1,783,498

Lincoln Park Boro

Months Supply:

0.97

Avg. Sales Price:

$434,055

Mendham Boro

Months Supply:

1.74

Avg. Sales Price:

$893,500

Montville Twp.

Months Supply:

1.15

Avg. Sales Price:

$772,447

Morristown Town

Months Supply:

0.59

Avg. Sales Price:

$598,736

Mountain Lakes Boro

Months Supply:

0.81

Avg. Sales Price:

$1,038,711

Pequannock Twp.

Months Supply:

0.6

Avg. Sales Price:

$570,373

Rockaway Boro

Months Supply:

0.97

Avg. Sales Price:

$407,105

Victory Gardens Boro

Months Supply:

Avg. Sales Price:

$242,600

Bloomingdale Boro

Months Supply:

1.45

Avg. Sales Price:

$432,447

Hawthorne Boro

Months Supply:

1.19

Avg. Sales Price:

$509,362

Passaic City

Months Supply:

1.64

Avg. Sales Price:

$366,860

Prospect Park Boro

Months Supply:

4.76

Avg. Sales Price:

#REF!

Wanaque Boro

Months Supply:

1.73

Avg. Sales Price:

$419,380

Woodland Park

Months Supply:

1.22

Avg. Sales Price:

$524,460

Bernardsville Boro

Months Supply:

2.02

Avg. Sales Price:

$1,085,159

Bridgewater Twp.

Months Supply:

Avg. Sales Price:

$588,995

Green Brook Twp.

Months Supply:

0.52

Avg. Sales Price:

$668,537

Millstone Boro

Months Supply:

2.38

Avg. Sales Price:

$377,800

Peapack Gladstone Boro

Months Supply:

3.37

Avg. Sales Price:

$986,833

Somerville Boro

Months Supply:

1.1

Avg. Sales Price:

$439,646

Watchung Boro

Months Supply:

0.89

Avg. Sales Price:

$916,823

Branchville Boro

Months Supply:

5.88

Avg. Sales Price:

$334,687

Franklin Boro

Months Supply:

0.88

Avg. Sales Price:

$296,115

Hamburg Boro

Months Supply:

0.87

Avg. Sales Price:

$267,573

Hopatcong Boro

Months Supply:

0.95

Avg. Sales Price:

$362,911

Newton Town

Months Supply:

0.86

Avg. Sales Price:

$314,307

Sparta Twp.

Months Supply:

1.32

Avg. Sales Price:

$608,006

Sussex Boro

Months Supply:

1.41

Avg. Sales Price:

$265,890

Wantage Twp.

Months Supply:

3.52

Avg. Sales Price:

$415,563

Cranford Twp.

Months Supply:

0.3

Avg. Sales Price:

$619,087

Garwood Boro

Months Supply:

1.72

Avg. Sales Price:

$546,058

Linden City

Months Supply:

1.14

Avg. Sales Price:

$435,512

Plainfield City

Months Supply:

1.88

Avg. Sales Price:

$396,950

Roselle Park Boro

Months Supply:

0.73

Avg. Sales Price:

$432,074

Summit City

Months Supply:

0.44

Avg. Sales Price:

$1,365,613

Allamuchy Twp.

Months Supply:

0.71

Avg. Sales Price:

$422,380

Blairstown Twp.

Months Supply:

1.77

Avg. Sales Price:

$449,197

Greenwich Twp.

Months Supply:

1.39

Avg. Sales Price:

$494,408

Harmony Twp.

Months Supply:

2.08

Avg. Sales Price:

$376,053

Knowlton Twp.

Months Supply:

2.58

Avg. Sales Price:

$443,942

Mansfield Twp.

Months Supply:

Avg. Sales Price:

$354,938

Pohatcong Twp.

Months Supply:

0.92

Avg. Sales Price:

$359,810

White Twp.

Months Supply:

2.69

Avg. Sales Price:

$335,435

Bloomfield Twp.

Months Supply:

0.79

Avg. Sales Price:

$460,335

City Of Orange Twp.

Months Supply:

1.99

Avg. Sales Price:

$358,014

Fairfield Twp.

Months Supply:

0.14

Avg. Sales Price:

$644,893

Livingston Twp.

Months Supply:

0.61

Avg. Sales Price:

$982,240

Montclair Twp.

Months Supply:

2.35

Avg. Sales Price:

$1,107,308

Nutley Twp.

Months Supply:

1.88

Avg. Sales Price:

$513,388

Verona Twp.

Months Supply:

0.91

Avg. Sales Price:

$604,073

Alexandria Twp.

Months Supply:

2.7

Avg. Sales Price:

$590,340

Califon Boro

Months Supply:

Avg. Sales Price:

$443,418

Delaware Twp.

Months Supply:

3.27

Avg. Sales Price:

$731,558

Franklin Twp.

Months Supply:

2.48

Avg. Sales Price:

$727,648

Hampton Boro

Months Supply:

Avg. Sales Price:

$321,784

Kingwood Twp.

Months Supply:

Avg. Sales Price:

$611,195

Lebanon Twp.

Months Supply:

1.55

Avg. Sales Price:

$504,661

Readington Twp.

Months Supply:

1.26

Avg. Sales Price:

$592,855

Union Twp.

Months Supply:

1.94

Avg. Sales Price:

$453,996

Boonton Twp.

Months Supply:

1.58

Avg. Sales Price:

$775,236

Chatham Twp.

Months Supply:

0.43

Avg. Sales Price:

$1,228,922

Denville Twp.

Months Supply:

1.41

Avg. Sales Price:

$574,491

Florham Park Boro

Months Supply:

0.96

Avg. Sales Price:

$913,906

Jefferson Twp.

Months Supply:

1.2

Avg. Sales Price:

$444,116

Long Hill Twp.

Months Supply:

0.85

Avg. Sales Price:

$652,922

Mendham Twp.

Months Supply:

2.76

Avg. Sales Price:

$1,184,240

Morris Plains Boro

Months Supply:

0.77

Avg. Sales Price:

$641,730

Mount Arlington Boro

Months Supply:

0.49

Avg. Sales Price:

$405,893

Netcong Boro

Months Supply:

Avg. Sales Price:

$347,842

Randolph Twp.

Months Supply:

0.86

Avg. Sales Price:

$691,327

Rockaway Twp.

Months Supply:

1.47

Avg. Sales Price:

$489,311

Washington Twp.

Months Supply:

0.73

Avg. Sales Price:

$615,028

Clifton City

Months Supply:

0.65

Avg. Sales Price:

$486,605

Little Falls Twp.

Months Supply:

0.94

Avg. Sales Price:

$432,848

Paterson City

Months Supply:

2.59

Avg. Sales Price:

$340,539

Ringwood Boro

Months Supply:

1.14

Avg. Sales Price:

$473,242

Wayne Twp.

Months Supply:

0.83

Avg. Sales Price:

$618,189

Bedminster Twp.

Months Supply:

0.82

Avg. Sales Price:

$723,412

Bound Brook Boro

Months Supply:

Avg. Sales Price:

$404,417

Far Hills Boro

Months Supply:

Avg. Sales Price:

$2,004,091

Hillsborough Twp.

Months Supply:

1.06

Avg. Sales Price:

$504,539

Montgomery Twp.

Months Supply:

0.52

Avg. Sales Price:

$817,055

Raritan Boro

Months Supply:

1.23

Avg. Sales Price:

$437,332

South Bound Brook Boro

Months Supply:

0.62

Avg. Sales Price:

$383,833

Andover Boro

Months Supply:

Avg. Sales Price:

$317,000

Byram Twp.

Months Supply:

1.14

Avg. Sales Price:

$418,092

Fredon Twp.

Months Supply:

1.87

Avg. Sales Price:

$514,894

Hampton Twp.

Months Supply:

1.68

Avg. Sales Price:

$332,792

Lafayette Twp.

Months Supply:

1.72

Avg. Sales Price:

$464,396

Ogdensburg Boro

Months Supply:

Avg. Sales Price:

$336,938

Stanhope Boro

Months Supply:

0.96

Avg. Sales Price:

$313,938

Vernon Twp.

Months Supply:

2.03

Avg. Sales Price:

$287,493

Berkeley Heights Twp.

Months Supply:

0.71

Avg. Sales Price:

$742,496

Elizabeth City

Months Supply:

2.11

Avg. Sales Price:

$376,781

Hillside Twp.

Months Supply:

2.16

Avg. Sales Price:

$398,418

Mountainside Boro

Months Supply:

0.72

Avg. Sales Price:

$834,919

Rahway City

Months Supply:

1.1

Avg. Sales Price:

$408,589

Scotch Plains Twp.

Months Supply:

0.96

Avg. Sales Price:

$736,099

Union Twp.

Months Supply:

0.87

Avg. Sales Price:

$467,215

Alpha Boro

Months Supply:

1.09

Avg. Sales Price:

$282,045

Franklin Twp.

Months Supply:

2.55

Avg. Sales Price:

$448,952

Hackettstown Town

Months Supply:

1.82

Avg. Sales Price:

$377,356

Hope Twp.

Months Supply:

Avg. Sales Price:

$419,038

Liberty Twp.

Months Supply:

2.15

Avg. Sales Price:

$378,807

Oxford Twp.

Months Supply:

2.57

Avg. Sales Price:

$319,951

Washington Boro

Months Supply:

1.08

Avg. Sales Price:

$292,468

Caldwell Boro Twp.

Months Supply:

0.74

Avg. Sales Price:

$538,961

East Orange City

Months Supply:

3.28

Avg. Sales Price:

$326,530

Glen Ridge Boro Twp.

Months Supply:

2.11

Avg. Sales Price:

$1,007,139

Maplewood Twp.

Months Supply:

0.74

Avg. Sales Price:

$869,664

Newark City

Months Supply:

1.04

Avg. Sales Price:

$332,511

Roseland Boro

Months Supply:

0.69

Avg. Sales Price:

$680,208

West Caldwell Twp.

Months Supply:

0.29

Avg. Sales Price:

$608,891

Bethlehem Twp.

Months Supply:

2.58

Avg. Sales Price:

$606,297

Clinton Town

Months Supply:

1.53

Avg. Sales Price:

$446,355

East Amwell Twp.

Months Supply:

3.18

Avg. Sales Price:

$591,035

Frenchtown Boro

Months Supply:

6.67

Avg. Sales Price:

$418,417

High Bridge Boro

Months Supply:

0.75

Avg. Sales Price:

$337,180

Lambertville City

Months Supply:

1.39

Avg. Sales Price:

$539,440

Milford Boro

Months Supply:

1.6

Avg. Sales Price:

$319,461

Stockton Boro

Months Supply:

1.72

Avg. Sales Price:

$502,044

West Amwell Twp.

Months Supply:

3.2

Avg. Sales Price:

$548,000

Butler Boro

Months Supply:

0.88

Avg. Sales Price:

$442,049

Chester Boro

Months Supply:

Avg. Sales Price:

$620,607

Dover Town

Months Supply:

1.04

Avg. Sales Price:

$381,433

Hanover Twp.

Months Supply:

0.99

Avg. Sales Price:

$588,598

Kinnelon Boro

Months Supply:

1.7

Avg. Sales Price:

$799,881

Madison Boro

Months Supply:

0.39

Avg. Sales Price:

$1,112,960

Mine Hill Twp.

Months Supply:

0.9

Avg. Sales Price:

$413,351

Morris Twp.

Months Supply:

0.47

Avg. Sales Price:

$785,536

Mount Olive Twp.

Months Supply:

0.5

Avg. Sales Price:

$511,503

Parsippany-Troy Hills Twp.

Months Supply:

0.73

Avg. Sales Price:

$495,561

Riverdale Boro

Months Supply:

0.55

Avg. Sales Price:

$393,562

Roxbury Twp.

Months Supply:

0.7

Avg. Sales Price:

$475,431

Wharton Boro

Months Supply:

0.62

Avg. Sales Price:

$386,005

Haledon Boro

Months Supply:

1.55

Avg. Sales Price:

$376,541

North Haledon Boro

Months Supply:

1.5

Avg. Sales Price:

$565,124

Pompton Lakes Boro

Months Supply:

0.6

Avg. Sales Price:

$406,407

Totowa Boro

Months Supply:

1.5

Avg. Sales Price:

$568,416

West Milford Twp.

Months Supply:

1.43

Avg. Sales Price:

$384,224

Bernards Twp.

Months Supply:

0.47

Avg. Sales Price:

$795,796

Branchburg Twp.

Months Supply:

0.63

Avg. Sales Price:

$548,022

Franklin Twp.

Months Supply:

0.97

Avg. Sales Price:

$462,265

Manville Boro

Months Supply:

1.26

Avg. Sales Price:

$356,648

North Plainfield Boro

Months Supply:

1.75

Avg. Sales Price:

$369,484

Rocky Hill Boro

Months Supply:

Avg. Sales Price:

$622,600

Warren Twp.

Months Supply:

1.07

Avg. Sales Price:

$1,029,510

Andover Twp.

Months Supply:

1.42

Avg. Sales Price:

$430,048

Frankford Twp.

Months Supply:

2.08

Avg. Sales Price:

$425,803

Green Twp.

Months Supply:

1.24

Avg. Sales Price:

$528,403

Hardyston Twp.

Months Supply:

2.31

Avg. Sales Price:

$375,148

Montague Twp.

Months Supply:

0.87

Avg. Sales Price:

$258,221

Sandyston Twp.

Months Supply:

1.84

Avg. Sales Price:

$292,367

Stillwater Twp.

Months Supply:

1.71

Avg. Sales Price:

$341,808

Walpack Twp.

Months Supply:

Avg. Sales Price:

Clark Twp.

Months Supply:

0.44

Avg. Sales Price:

$602,600

Fanwood Boro

Months Supply:

0.65

Avg. Sales Price:

$642,539

Kenilworth Boro

Months Supply:

1.03

Avg. Sales Price:

$506,844

New Providence Boro

Months Supply:

0.82

Avg. Sales Price:

$841,874

Roselle Boro

Months Supply:

1.34

Avg. Sales Price:

$378,628

Springfield Twp.

Months Supply:

1.15

Avg. Sales Price:

$566,720

Westfield Town

Months Supply:

0.72

Avg. Sales Price:

$1,054,884

Belvidere Twp.

Months Supply:

0.8

Avg. Sales Price:

$252,474

Frelinghuysen Twp.

Months Supply:

Avg. Sales Price:

$533,227

Hardwick Twp.

Months Supply:

Avg. Sales Price:

$478,813

Independence Twp.

Months Supply:

1.22

Avg. Sales Price:

$373,650

Lopatcong Twp.

Months Supply:

0.8

Avg. Sales Price:

$347,097

Phillipsburg Town

Months Supply:

1.97

Avg. Sales Price:

$209,087

Washington Twp.

Months Supply:

0.62

Avg. Sales Price:

$394,828