Counties where homes are selling the fastest in New Jersey
Counties where homes are selling the fastest in New Jersey
The pace at which homes sell in the U.S. tends to ebb and flow over the calendar year, with homes selling fastest in the summer and slowest in the winter. But high home prices and mortgage interest rates are keeping many potential buyers on the sidelines.
The median number of days a home spent on the market in February was 48, five days less than the year before. In New Jersey, the typical home was on the market 46 days.
When homes sell faster, it can be a sign that any given market is less buyer-friendly, and decisions must be made quickly.
Stacker compiled a list of counties where homes sold the fastest in New Jersey using data from Redfin. To be included, counties had at least 100 home sales and are selling quicker than the state median. They are ranked by the median number of days a home was listed before it sold. In the case of ties, counties with the most home sales overall were ranked higher.
#10. Ocean County
- Median days on market: 40
- Median sale price: $422,500
- Total homes sold: 592
#9. Mercer County
- Median days on market: 39
- Median sale price: $373,000
- Total homes sold: 200
#8. Monmouth County
- Median days on market: 36
- Median sale price: $615,000
- Total homes sold: 382
#7. Camden County
- Median days on market: 35
- Median sale price: $303,000
- Total homes sold: 345
#6. Gloucester County
- Median days on market: 33
- Median sale price: $325,000
- Total homes sold: 227
#5. Burlington County
- Median days on market: 33
- Median sale price: $355,000
- Total homes sold: 345
#4. Sussex County
- Median days on market: 29
- Median sale price: $383,450
- Total homes sold: 108
#3. Union County
- Median days on market: 29
- Median sale price: $580,000
- Total homes sold: 244
#2. Somerset County
- Median days on market: 24
- Median sale price: $501,000
- Total homes sold: 180
#1. Morris County
- Median days on market: 24
- Median sale price: $602,612
- Total homes sold: 237
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 22 states.
