Market Update
Essex County
Q3 2026
Residential Property Snapshot
All | Q3 2026
Med. Sales Price
$757k
5% more than in
Q3 2025
Q3 2025
Avg. Days On Market
31
3% fewer than in
Q3 2025
Q3 2025
Closed Sales
1,225
1% more than in
Q3 2025
Q3 2025
Inventory
826
20% more than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Townhomes & Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $585k | $747k | 1596 |
| Q3 '23 | $630k | $803k | 1223 |
| Q3 '24 | $725k | $914k | 1197 |
| Q3 '25 | $720k | $914k | 1207 |
| Q3 '26 | $757k | $981k | 1225 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Townhomes & Condos
| Closed Under $500k | 20.2% |
|---|---|
| Q3 '26 | 248 |
| Q3 '25 | 273 |
| 1YR CHANGE | -9% |
| Closed $500k - $1m | 48.6% |
| Q3 '26 | 595 |
| Q3 '25 | 606 |
| 1YR CHANGE | -2% |
| Closed $1m - $2m | 23.8% |
| Q3 '26 | 291 |
| Q3 '25 | 249 |
| 1YR CHANGE | +17% |
| Closed Over $2m | 7.4% |
| Q3 '26 | 91 |
| Q3 '25 | 79 |
| 1YR CHANGE | +15% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Townhomes & Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 31 | $585k |
| Q3 '23 | 30 | $630k |
| Q3 '24 | 26 | $725k |
| Q3 '25 | 32 | $720k |
| Q3 '26 | 31 | $757k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Townhomes & Condos
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
20%
New Listings
New Listings represents the number of properties listed during the quarter.
14%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
18%
Closed Sales
1%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
-3%
Livingston Township
Median
$1.16m
DOM
34
Sales
104
Inv
65
Maplewood Township
Median
$1.2m
DOM
21
Sales
72
Inv
24
Millburn Township
Median
$2.38m
DOM
22
Sales
64
Inv
41
Montclair Township
Median
$1.33m
DOM
22
Sales
99
Inv
30
Roseland
Median
$869k
DOM
35
Sales
16
Inv
14
Short Hills
Median
$2.5m
DOM
21
Sales
49
Inv
32
South Orange Village Township
Median
$1.16m
DOM
19
Sales
56
Inv
27