millburn monthly stats 2022

millburn monthly stats 2022

2022 MARKET STATISTICS

RENDERING

Millburn Township

Compass RE is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

ACTUAL

Millburn

APRIL 2022

UNDER CONTRACT

UNITS SOLD

15 Total Properties

$1.2M Average Price 32% Increase From Apr 2021

$1.1M Median Price

6 Total Properties

$1.3M Average Price 71% Increase From Apr 2021

$1.4M Median Price 63% Increase From Apr 2021

-6% Decrease From Apr 2021

54% Increase From Apr 2021

-33% Decrease From Apr 2021

Property Statistics

Apr 2022

Apr 2021

% Change

Overall

AVERAGE DOM

9

11

-18%

% OF ASKING PRICE

110%

107%

AVERAGE SOLD PRICE

$1,364,048

$798,589

70.8%

# OF CONTRACTS

15

16

-6.2%

NEW LISTINGS

13

17

-24%

Houses

AVERAGE DOM

9

12

-25%

% OF ASKING PRICE

110%

107%

AVERAGE SOLD PRICE

$1,364,048

$847,538

61%

# OF CONTRACTS

14

15

-7%

NEW LISTINGS

12

14

-14%

Condo/Co-op/TH

AVERAGE DOM

-

7

-

% OF ASKING PRICE

-

102%

AVERAGE SOLD PRICE

-

$407,000

-

# OF CONTRACTS

1

1

0%

NEW LISTINGS

1

3

-67%

Sources: Garden State MLS, Hudson MLS, NJ MLS

Millburn

APRIL 2022

Monthly Inventory

Last 12 Months

Prev 12 Months

30

25

20

15

10

5

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Contracts By Price Range

Last 12 Months

Prev 12 Months

50

50

50

43

40

34

30

22

22

19

20

13

11

8

10

3

1

1

1