MyMarketPulse (mymarketpulse.com) recently disclosed its February 2024 findings on the housing market conditions in Essex County, New Jersey.
As of 2/2024, Essex County had a Median Sale Price of $540,000, which was down 2.90% from the previous month and up 4.30% from the prior year.
Sales of homes in the region saw 194 homes changing hands. This represents a decline of 14.90% from the month before and down 9.80% compared to the same month last year.
Furthermore, homes in Essex County were on the market for an average of 49 days before selling, reflecting an increase of 9 days days month-over-month and a decrease of 15 days day year-over-year.
Currently, with a Market Pulse Score of 81, Essex County’s real estate market appears to be experiencing a downtrend.
For more information about the Essex County, New Jersey market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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