February 2020 Market Stats – Maplewood and South Orange

Allison Ziefert March 19, 2020

February 2020

The February 2020 real estate market reports for the towns in our local area are now available. Let’s review the market activity in Maplewood and South Orange for this past month.

Maplewood

There were 22 properties sold in February 2020 in Maplewood, 1 more than in February of last year. The average sale price was $499,655, 4.95% higher than in the same month in 2019. Sold homes closed at an average of 100.11% of list price (essentially flat versus February 2019) and were on the market for an average of 59 days, which is 7 days longer than last year at this time. Here are the homes that sold in February in Maplewood and a comparison of the statistics YTD from 2019 v. 2020.

South Orange

There were 17 properties sold in February 2020 in South Orange, 5 more than in February of last year. The average sale price was $637,537, 7.32% lower than in the same month in 2019. Sold homes closed at an average of 101.85% of list price (an increase of 2.23% from 2019) and were on the market for an average of 46 days, 19 days longer than the same time last year. Here are the homes that sold in January in South Orange and a comparison of the statistics YTD from 2019 v. 2020.

If you have any questions about these markets or any of the other towns in our area, or the New Jersey real estate market as a whole, please do not hesitate to contact us.

The Allison Ziefert Real Estate Group is a top producing real estate team based at Keller Williams MidTown Direct in Maplewood, NJ. We are local market experts, specializing in real estate and homes in Maplewood, South Orange, Millburn/Short Hills, Montclair and West Orange, NJ and the surrounding towns. We are driven by earning great testimonials and referral business from happy clients. You can read our testimonials at www.azhomesnj.com/testimonials.

 

 

 

 

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