South Orange NJ Home Sales, November 2013

Address LP BR TBT SP DOM
57 CHURCH ST UNIT E $229,000 2 1.1 $216,000 138
72 Roland Ave unit A $300,000 3 2 $295,000 59
138 Connett Pl* $310,000 2 2 $297,500 27
111 Thacher Ln* $349,000 2 2 $329,000 35
314 Hillside Pl* $450,000 4 1.1 $508,500 7
12 Crest Cir* $499,000 4 3 $490,000 112
266 Scotland Rd* $599,000 6 4.1 $583,600 155
41 Glenview Rd* $624,900 4 2.1 $600,000 21
60 Speir Dr* $669,000 4 3 $627,000 160
324 Centre St* $749,000 6 5.2 $730,000 138

This data is taken from the Garden State MLS and is reliable but not guaranteed.

 Average Days on Market:    92     Average List To Sales Price Ratio:  98%

Average List Price:    $626,777    Average Sales Price:  $452,956

Month

#Active Listings

Avg. LP #Sold Listings Avg. SP Avg.
DOM
SP/LP
Nov,2013 92 $626,777 9 $452,956 92 98%
Oct,2013 103 $631,355 17 $488,238 102 96%
Sep,2013 96 $587,391 11 $443,909 48 99%
Aug,2013 91 $555,886 33 $584,464 49 99%
Jul,2013 110 $552,388 36 $535,256 37 100%
Jun,2013 120 $560,150 25 $600,373 62 99%
May,2013 124 $558,825 24 $524,235 69 98%
Apr,2013 129 $539,923 19 $479,237 60 99%
Mar,2013 112 $514,403 13 $536,577 98 97%
Feb,2013 115 $501,292 10 $363,140 95 93%
Jan,2013 113 $475,507 12 $674,502 49 95%

South Orange NJ Home Sales, October 2013

Address LP Style BR TBT SP DOM
157 Ward Pl* $253,900 Colonial 3 1.1 $205,000 161
153 IRVINGTON AVE $265,000 One Floor Unit 2 2 $250,000 160
360 Academy St* $275,000 Victorian 5 2 $179,000 241
132 Milton Pl* $319,000 Colonial 4 1.1 $305,000 21
321 Meeker St* $325,000 Split Level 3 1.1 $341,050 9
53 HIXON PL $359,000 Victorian 4 2 $340,000 88
304 Radel Ter* $379,000 Cottage, Ranch 3 2.1 $401,000 30
40 Stanley Rd* $425,000 Victorian 6 3 $410,000 140
260 Vose Ave $479,000 Ranch 3 2 $479,000 23
224 S Orange Ave* $499,000 Colonial 4 3 $488,000 70
502 N Ridgewood Rd* $550,000 Colonial 5 3.1 $500,000 449
32 Crest Dr* $560,000 Ranch 5 3 $550,000 71
64 Whiteoak Dr* $734,900 Custom Home 6 4.1 $751,000 24
373 Charlton Ave* $825,000 Colonial 7 5.2 $810,000 69
344 Forest Rd* $899,000 Colonial 6 4.2 $825,000 137
333 Beech Spring Rd* $949,000 Tudor 4 4.1 $961,000 13

This data is taken from the Garden State MLS and is deemed reliable but not guaranteed.  

Average Days on Market:  107    Average List To Sales Price Ratio:  96%

Average List Price:   $644,467     Average Sales Price:   $487,191

 Month

# Active Listings

Avg. LP # Sold Listings Avg. SP Avg.
DOM
SP/LP
Oct,2013 102 $644,467 16 $487,191 107 96%
Sep,2013 95 $593,616 11 $443,909 48 99%
Aug,2013 91 $556,325 33 $584,464 49 99%
Jul,2013 110 $552,751 36 $535,256 37 100%
Jun,2013 120 $560,484 25 $600,373 62 99%
May,2013 124 $558,825 24 $524,235 69 98%
Apr,2013 129 $539,923 19 $479,237 60 99%
Mar,2013 112 $514,403 13 $536,577 98 97%
Feb,2013 115 $501,292 10 $363,140 95 93%
Jan,2013 113 $475,507 12 $674,502 49 95%
Dec,2012 120 $501,161 13 $601,329 107 96%
Nov,2012 129 $508,024 10 $468,750 96 96%

Prices Up for Maplewood/South Orange NJ Homes

Prices are up for Maplewood/South Orange NJ Homes!  We saw a significant rise in home prices this past Spring.  Much of that rise was due to low mortgage interest rates and competition.   With less homes on the market and more buyers vying for them, many homes had multiple bids, therefore driving prices up.   The List to Sales Price Ratio for Maplewood was 98% in March of this year compared to 101% this August, 2013! South Orange homes saw a big increase as well from 94% in March of this year to 99% this past August, 2013.  If you’re thinking of selling your home, now is a great time!

Consider these prices, which are current as of the date of this post.16 Park Rd, Maplewood NJ

In Maplewood, median list price last September 2012 was $369,000 compared to $379,500 this September 2013.   Prices are continuing to go up.  After showing several peaks and valleys throughout the past few years, median sales prices rose 2% in the past year from average sales price of $460,612 in September of 2012 to to $528,100 this September, 2013.

As of this post, there are currently 80 Active Maplewood listings, compared to 73 available homes in South Orange.  Maplewood currently has 50 homes under contract and 32  in South Orange.

Median rents have increased by 27 percent to $2,300, driving many former renters to consider buying a home. This is just one of the reasons that Maplewood real estate is becoming a sellers market.  Rental rates have actual dropped by over 9 percent over the past year to $2,100. However, this is still high enough to make many renters consider buying a new home.

If you’re considering buying or selling your Maplewood/South Orange home, or just want more information about the housing market, please feel free to contact me for a no obligation consultation.

South Orange NJ Home Sales, February 2013

Address LP Style BR TBT SP DOM
609 W. South Orange Ave $160,000 Hi-Rise 1 2 $150,000 14
609 South Orange Ave* $249,000 One Floor Unit 2 2.1 $223,000 16
327 Centre St* $269,900 Colonial 5 3.2 $269,900 69
17-25 Church St Unit 7* $287,000 Multi Floor Unit 2 2.1 $282,000 94
45 Mews Ln* $349,900 Multi Floor Unit 2 2.1 $310,000 98
326 Meeker St* $374,000 Colonial 3 2.2 $345,000 70
450 PROSPECT ST* $399,990 Colonial, Victorian 6 3.1 $326,000 407
310 W End Rd* $579,000 Colonial 4 3.2 $568,000 81
17 Franklin Ter* $595,000 Tudor 3 2.1 $562,500 12
138 TURRELL AVENUE $639,000 Ranch 4 2.1 $595,000 93

This data is taken from the Garden State MLS and is reliable but not guaranteed.

Average Days on Market:  96   Average List To Sales Price Ratio:  93%

Average List Price:  $515,338   Average Sales Price:  $337,378

 Month

#Active Listings

Avg. LP # Sold Listings Avg. SP Avg.
DOM
SP/LP
Feb,2013 107 $515,338 9 $337,378 96 93%
Jan,2013 106 $483,782 12 $674,502 49 95%
Dec,2012 115 $509,572 13 $601,329 107 96%
Nov,2012 124 $516,102 10 $468,750 96 96%
Oct,2012 128 $522,060 14 $467,714 131 96%
Sep,2012 121 $494,960 10 $419,590 69 94%
Aug,2012 116 $486,619 29 $531,124 70 97%
Jul,2012 124 $508,998 19 $509,301 57 97%
Jun,2012 139 $507,038 22 $613,289 48 98%
May,2012 156 $512,315 15 $464,340 46 99%
Apr,2012 137 $534,765 18 $477,256 60 95%
Mar,2012 132 $516,475 8 $477,294 141 94%

South Orange NJ Home Sales, January 2013

 

Address LP Style BR TBT SP DOM
219 Coudert Pl* $350,000 Colonial 4 1 $365,000 7
520 N Wyoming Ave* $439,000 Cottage 4 3 $430,000 86
542 Hartford Ct* $449,000 Colonial 4 3 $425,000 52
329 Hillside Pl* $535,000 Colonial 4 1.1 $537,095 16
183 MONTAGUE PL* $589,000 Colonial 4 2.2 $575,000 24
18 Glenside Rd* $590,000 Colonial, Custom Home 6 3.2 $551,925 24
520 N Ridgewood Rd* $599,000 Colonial 5 3.1 $590,000 116
285 Beech Spring Rd* $675,000 Colonial 5 3.1 $660,000 23
140 TURRELL AVE* $695,000 Ranch 4 3.1 $635,000 37
53 Jessica Way* $699,000 Colonial 4 2.1 $640,000 52
55 Glenview Rd* $1,199,000 Colonial 5 4.1 $1,085,000 73
52 CREST DRIVE $1,690,000 Contemporary, Custom Home, See Remarks 4 3.1 $1,600,000 72

This data is taken from the Garden State MLS and is reliable but not guaranteed.

Average Days on Market:   49      List To Sales Price Ratio:  95%

Average List Price:  $487,207    Average Sales Price:  $674,502

Month # Active Listings Avg. LP # Sold Listings Avg. SP Avg.
DOM
SP/LP
Jan,2013 104 $487,207 12 $674,502 49 95%
Dec,2012 114 $512,198 13 $601,329 107 96%
Nov,2012 124 $517,406 10 $468,750 96 96%
Oct,2012 128 $523,190 14 $467,714 131 96%
Sep,2012 121 $495,742 10 $419,590 69 94%
Aug,2012 116 $486,653 29 $531,124 70 97%
Jul,2012 124 $508,998 19 $509,301 57 97%
Jun,2012 139 $507,038 22 $613,289 48 98%
May,2012 156 $512,315 15 $464,340 46 99%
Apr,2012 137 $534,765 18 $477,256 60 95%
Mar,2012 132 $516,475 8 $477,294 141 94%
Feb,2012 130 $485,858 9 $420,111 68 96%

South Orange NJ Home Sales December, 2012

Address LP Style BR TBT SP DOM
506 Finlay Pl* $370,000 Bi-Level 4 3 $362,500 93
292 WALTON AVENUE $375,000 Colonial 4 1.1 $325,000 76
144 Ward Pl* $399,000 Colonial 3 1.1 $400,000 17
143 Brentwood Dr* $535,000 Ranch 3 3 $530,000 21
169 RALSTON AVE 155 Charlton $549,000 Victorian 6 2.1 $510,570 403
47 Wyoming Ave N $569,900 Colonial 6 3.1 $533,000 82
334 WARWICK AVE* $649,900 Colonial 5 4.1 $650,000 44
37 Speir Drive $650,000 Ranch 4 3 $630,000 55
311 HARTFORD RD* $675,000 Colonial, Victorian 6 3.1 $651,000 299
163 Irving Ave* $699,900 Custom Home 7 3.1 $680,000 94
37 Tillou Rd W* $765,000 Townhouse-End Unit 3 4.1 $750,000 64
220 Turrell Ave* $889,900 Colonial 6 3.2 $840,000 96
539 LAUREL PLACE $979,000 Colonial 6 3.2 $955,208 44

This Data is taken from the Garden State MLS and is reliable but not guaranteed.

Average Days on Market:    107    Average List To Sales Price Ratio:  96%

Average List Price:    $514,339    Average Sales Price:  $601,329

Month # Active Listings Avg. LP # Sold Listings Avg. SP Avg.
DOM
SP/LP
Dec,2012 112 $514,339 13 $601,329 107 96%
Nov,2012 123 $522,754 10 $468,750 96 96%
Oct,2012 127 $528,195 14 $467,714 131 96%
Sep,2012 120 $500,023 10 $419,590 69 94%
Aug,2012 115 $490,337 29 $531,124 70 97%
Jul,2012 123 $512,721 19 $509,301 57 97%
Jun,2012 138 $510,343 22 $613,289 48 98%
May,2012 156 $513,591 15 $464,340 46 99%
Apr,2012 137 $534,765 18 $477,256 60 95%
Mar,2012 132 $516,475 8 $477,294 141 94%
Feb,2012 130 $485,858 9 $420,111 68 96%
Jan,2012 116 $487,607 11 $454,881 68 94%

South Orange NJ Home Sales, November 2012

Address LP Style BR TBT SP DOM
52 CHURCH ST* $164,900 Colonial 3 1 $112,500 216
609 W SOUTH ORANGE AVE. 2A $229,000 Hi-Rise 2 2 $204,000 122
201 Montague Pl* $359,000 Colonial 4 2 $360,000 23
12 Village Green Ct* $379,000 Townhouse-Interior 2 2.1 $389,000 55
357 Clark St* $379,000 Victorian 3 1.1 $370,000 102
225 Harding Dr* $419,000 One Floor Unit, Ranch 3 2.1 $420,000 66
370 N Wyoming Avenue $650,000 Tudor 5 4.1 $625,000 167
211 N Wyoming Ave* $699,999 Colonial 5 3.2 $650,000 105
320 N Ridgewood Rd* $775,000 Colonial 6 3.2 $762,000 18
45 HARDING DR* $839,000 Tudor 4 3.1 $795,000 90

This data is taken from the Garden State MLS and is reliable but not guaranteed.

Average Days on Market:  96    Average List to Sales Price Ratio:  96%

Average List Price:  $522,754   Average Sales Price:  $468,750

Month # Active Listings Avg. LP # Sold Listings Avg. SP Avg.
DOM
SP/LP
Nov,2012 123 $522,754 10 $468,750 96 96%
Oct,2012 127 $528,195 14 $467,714 131 96%
Sep,2012 120 $500,023 10 $419,590 69 94%
Aug,2012 115 $490,337 29 $531,124 70 97%
Jul,2012 123 $512,721 19 $509,301 57 97%
Jun,2012 138 $510,343 22 $613,289 48 98%
May,2012 156 $513,591 15 $464,340 46 99%
Apr,2012 137 $534,765 18 $477,256 60 95%
Mar,2012 132 $516,475 8 $477,294 141 94%
Feb,2012 130 $485,858 9 $420,111 68 96%
Jan,2012 116 $487,607 11 $454,881 68 94%
Dec,2011 118 $459,121 13 $511,615 72 97%

South Orange NJ Home Sales, October 2012

Address LP Style BR TBT SP DOM
174 CHURCH ST* $126,000 Colonial 2 1.1 $122,500 448
351 Valley St* $199,900 Colonial 6 1.1 $150,000 61
14 Second Street $250,000 Colonial 5 1 $250,000 294
71 MEWS LN* $324,500 One Floor Unit 2 2 $299,000 175
46 PARK PL* $329,000 Colonial 3 1 $305,000 84
53 Fielding Ct* $420,000 Colonial 5 2.2 $425,000 61
26 Fielding Ct* $425,000 Colonial 4 3.1 $425,000 5
20 Allen Ct* $450,000 Ranch 3 2 $455,000 14
24 Speir Dr* $499,999 Ranch 4 3 $451,000 89
32 Glenside Rd* $579,000 Colonial 5 2.1 $579,000 28
44 JESSICA WAY* $649,900 Custom Home 4 3.1 $627,500 194
316 S WESTERN DR* $759,000 Colonial 6 3.2 $759,000 23
472 UNDERHILL RD $799,000 Contemporary 6 4.1 $750,000 171

This data is taken from the Garden State MLS and is reliable but not guaranteed.

Average Days on Market:  131     Average List To Sales Price Ratio:  96%

Average List Price:     $528,195    Average Sales Price:  $467,714

Month # Active Listings Avg. LP # Sold Listings Avg. SP Avg.
DOM
SP/LP
Oct,2012 127 $528,195 14 $467,714 131 96%
Sep,2012 120 $500,023 10 $419,590 69 94%
Aug,2012 115 $490,337 29 $531,124 70 97%
Jul,2012 123 $512,721 19 $509,301 57 97%
Jun,2012 138 $510,343 22 $613,289 48 98%
May,2012 156 $513,591 15 $464,340 46 99%
Apr,2012 137 $534,765 18 $477,256 60 95%
Mar,2012 132 $516,475 8 $477,294 141 94%
Feb,2012 130 $485,858 9 $420,111 68 96%
Jan,2012 116 $487,607 11 $454,881 68 94%
Dec,2011 118 $459,121 13 $511,615 72 97%
Nov,2011 139 $479,518 8 $344,463 117 97%

South Orange NJ Home Sales, September 2012

Address List Price Style BR TBT Sold Price DOM
18 PROSPECT STREET-2C $175,000 Hi-Rise, One Floor Unit 2 2 $150,000 75
341 Academy St* $339,900 Colonial 4 2 $339,900 25
345 IRVING AVE* $369,900 Colonial 5 3.1 $235,000 29
52 S Ridgewood Rd* $399,000 Custom Home 4 2 $360,000 58
269 Audley St* $415,000 Carriage House 4 1.1 $400,000 23
65 W Montrose Ave* $449,000 Cottage 4 2 $430,000 90
86 JESSICA WAY* $475,000 Colonial 3 2.1 $465,000 238
343 Richmond Ave $599,000 Colonial 5 2.2 $599,000 18
73 S Wyoming Ave* $629,000 Colonial 4 2.2 $605,000 56
50 Duffield Dr* $635,000 Colonial 5 3.2 $612,000 82

This data is taken from the Garden State MLS and is reliable but not guaranteed.

Average Days on Market:   69   Average List to Sale Price Ratio: 94%

Average List Price:   $509,912   Average Sales Price:  $419,590

Month # Active Listings Avg. LP # Sold Listings Avg. SP Avg.
DOM
SP/LP
Sep,2012 113 $509,912 10 $419,590 69 94%
Aug,2012 111 $492,342 29 $531,124 70 97%
Jul,2012 120 $514,499 19 $509,301 57 97%
Jun,2012 137 $508,161 22 $613,289 48 98%
May,2012 156 $514,396 15 $464,340 46 99%
Apr,2012 137 $535,681 18 $477,256 60 95%
Mar,2012 132 $516,890 8 $477,294 141 94%
Feb,2012 130 $486,281 9 $420,111 68 96%
Jan,2012 116 $487,952 11 $454,881 68 94%
Dec,2011 118 $459,460 13 $511,615 72 97%
Nov,2011 139 $479,518 8 $344,463 117 97%
Oct,2011 146 $477,959 10 $552,690 94 97%

South Orange NJ Home Sales, August 2012

Address List Price Style RM BR TBT Sold Price DOM
144 WARD PL* $210,000 Colonial 9 3 1.1 $175,000 119
33 RIGGS PL* $230,000 Colonial 9 3 1.1 $210,000 157
63 STEWART PL* $289,000 Cape Cod 7 4 2.1 $296,000 268
46 S Ridgewood Rd* $299,000 Colonial 7 4 2 $284,000 69
367 Turrell Ave* $349,000 Colonial 8 3 1.1 $349,000 14
110 2nd St* $369,000 Colonial 7 3 3 $320,000 57
216 Village Rd* $369,900 Colonial 9 5 1.1 $325,000 112
17 ELM COURT $385,000 Colonial 10 4 1.1 $370,000 40
321 WYOMING AVE C1D* $429,000 Townhouse-End Unit 9 4 3.1 $434,000 18
453 MELROSE PL* $439,000 Colonial 7 4 2.2 $425,000 259
352 Tichenor Ave* $439,000 Cape Cod, Colonial 7 3 2 $450,000 54
359 Turrell Ave* $450,000 Colonial 10 5 2.1 $436,500 19
12 Lenox Ter* $499,000 Colonial, Tudor 9 3 3.1 $477,500 95
215 Thornden St* $529,000 Colonial 9 3 2.1 $529,000 21
201 Coudert Pl* $539,000 Colonial 10 4 2.1 $539,000 0
30 S Kingman Rd* $549,900 Colonial 12 5 4.1 $510,000 65
228 Audley St* $550,000 Colonial 9 4 2.1 $536,000 6
216 THORNDEN STREET $585,000 Colonial 8 4 3.1 $585,000 43
295 Turrell Ave* $629,000 Colonial 10 5 2.1 $595,000 64
227 Garfield Pl* $665,000 Colonial 10 4 2.2 $647,000 43
270 Vose Ave* $699,000 Colonial, Victorian 10 6 2.1 $677,500 63
224 Prospect St* $699,000 Colonial 11 6 3.1 $695,000 17
286 CHARLTON AVE* $724,900 Colonial 12 6 4.1 $705,000 151
220 North Woods Dr $729,000 Custom Home 9 5 3 $706,000 20
223 CRESTWOOD DR $749,000 Expanded Ranch 9 5 3.2 $720,000 122
178 Great Hills Dr* $765,000 Colonial 9 4 3.2 $725,000 43
373 W End Rd* $785,000 Colonial 11 5 4.1 $821,100 15
296 Melrose Pl* $859,000 Victorian 10 6 3.1 $860,000 33
138 Irving Ave* $1,050,000 Colonial 12 7 6.1 $1,000,000 45

This data is taken from the Garden State MLS and is reliable but not guaranteed.

Average Days on Market:  73   Average List To Sales Price Ratio:  98%

Average List Price:  $501,243   Average Sales Price:  $537,608

Month # Active Listings Avg. LP # Sold Listings Avg. SP Avg.
DOM
SP/LP
Aug,2012 108 $501,243 24 $537,608 73 98%
Jul,2012 118 $519,528 19 $509,301 57 97%
Jun,2012 136 $509,443 22 $613,289 48 98%
May,2012 155 $515,400 15 $464,340 46 99%
Apr,2012 137 $536,200 18 $477,256 60 95%
Mar,2012 132 $517,360 8 $477,294 141 94%
Feb,2012 130 $486,374 9 $420,111 68 96%
Jan,2012 116 $487,952 11 $454,881 68 94%
Dec,2011 118 $459,460 13 $511,615 72 97%
Nov,2011 139 $479,518 8 $344,463 117 97%
Oct,2011 146 $477,959 10 $552,690 94 97%
Sep,2011 153 $490,870 13 $497,658 72 93%