The median list price in FORKED RIVER 08731 this week is $289,000.
Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
Suppy and Demand
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
|Median List Price||$289,000|
|Asking Price Per Square Foot||$178|
|Average Days on Market (DOM)||204|
|Percent of Properties with Price Decrease||36%|
|Percent Relisted (reset DOM)||63%|
|Percent Flip (price increased)||4 %|
|Median House Size (sq ft)||1772|
|Median Lot Size||6,502-8,000 sq ft|
|Median Number of Bedrooms||3.0|
|Median Number of Bathrooms||2.0|
|Market Action Index - Strong Buyer||18.6|
Home Characteristics per Quartile
Investagate the market in quartiles - where each quartile is 25% of homes ordered by price.
|Quartile||Median Price||Sq. Ft.||Lot Size||Beds||Baths||Age||Inventory||New||Absorbed||Dom|
|Top/First||$ 529,900||2712||6,500-8000sqft||4.0||3.0||25||65||4||2||243||Most expensive 25% of properties|
|Upper/Second||$ 349,000||1960||8,001-10,000sqft||3.0||2.0||31||66||6||4||233||Upper-middle 25% of properties|
|Lower/Third||$ 250,000||1548||8,001-10,000sqft||3.0||2.0||37||66||4||3||175||Lower-middle 25% of properties|
|Bottom/Fourth||$ 175,750||1111||8,001-10,000sqft||2.0||1.0||45||66||7||9||164||Least expensive 25% of properties|