What the Pros Know

851,117

Population

0.2% YoY

2023

36.1

Median Age

4.5% YoY

2022

$73,785

Median Household Income

8.8% YoY

2022

402,867

Labor Force

2.3% MoM

0.1% YoY

6/2024

378,492

Employed

2% MoM

0.5% YoY

6/2024

6.1%

Unemployment Rate

7% MoM

7% YoY

6/2024

$750,000

Median Sale Price

4.7% MoM

15.4% YoY

7/2024

448

Homes Sold

16.7% MoM

9.3% YoY

7/2024

1.2

Months Inventory

18% MoM

31.7% YoY

7/2024

16

Days on Market

4 MoM

5 YoY

7/2024

552

Listings

7.4% MoM

24.8% YoY

7/2024

109.4%

Sale Price to List Price

2.3% MoM

0.8% YoY

7/2024

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Cities included in Essex County: Newark, East Orange, Short Hills, Upper Montclair, Brookdale, Caldwell, Glen Ridge, Watsessing, North Caldwell, Roseland, Ampere North, Silver Lake, Pleasantdale, Essex Fells, Llewellyn Park


Zip Codes included in Essex County: [Click for zip code level data] 07003, 07004, 07006, 07009, 07017, 07018, 07021, 07028, 07039, 07040, 07041, 07042, 07043, 07044, 07050, 07052, 07068, 07078, 07079, 07102, 07103, 07104, 07105, 07106, 07107, 07108, 07109, 07110, 07111, 07112, 07114


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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