Real Estate Market Report - Audubon, NJ (Nov, 2023)

The median sale/list price for homes shows a fluctuation over the course of the year, with highs of $424,450 in September 2023 and $385,000 in October 2023 for the first dataset, and highs of $380,000 in November 2022 and $347,500 in June 2023 for the second dataset. There are also some dips in the median price, such as $228,000 in May 2023 for the second dataset and $280,000 in April 2023 for the first dataset.

The median sale price per square foot shows a significant fluctuation in the upcoming months, ranging from $147.783 in December 2022 to $230.366 in October 2023. The highest median sale price per square foot will be in August 2023, with a value of $227.605, while the lowest will be in May 2023, with a value of $170.093.

The median sale price to list price ratio has remained steady at 1.0 between November 2022 and February 2023, but then saw fluctuations in the following months, reaching a low of 0.98 in April 2023 before increasing to 1.098 in October 2023. The ratio also saw a sharp increase in July 2023 to 1.091, indicating an increasing demand for properties.

The data shows the number of properties sold/listed each month from November 2022 to October 2023. There were 16 properties listed/sold in April 2023, which was the highest count during this period. The months with the highest number of properties listed/sold were February, April, and October with 15, 16, and 17 properties respectively. However, the month with the lowest count was May 2023 with only 4 properties sold/listed.

The median days on market for properties appears to be fluctuating throughout the year, ranging from a low of 7.0 days in January and September to a high of 35.0 days in April. The data also shows some inconsistency from month to month, with the median days on market ranging from 7.5 to 28.0 days for most of the other months.