Mendham Township Real Estate Statistics and Trends (2016)

Residential Property Absorbtion Report: January-December 2016

County Town Actives Solds Average Sold/Month Month of Supply
Morris  Mendham Twp.  62  78  6.5 9.54

Mendham Township Real Estate Market Analysis: January - December 2016

MMM,YYYY Active Listings New Listings Under Contract Sold Listings  
  # Avg. LP Med. LP # Avg. LP Med. LP # Avg. LP Med. LP Avg.
DOM
# Avg. SP Med. SP Avg.
DOM
SP/LP SP/OLP
Dec,2016  80  $1,367,400  $1,194,000  10  $811,480  $698,450  $1,671,960  $1,295,000  164  $755,000  $755,000  53  97%  97% 
Nov,2016  74  $1,416,380  $1,194,000  $1,689,500  $1,689,500  $699,900  $699,900  18  $750,400  $840,000  166  92%  85% 
Oct,2016  87  $1,393,925  $1,147,000  13  $1,501,915  $1,295,000  $906,650  $942,500  122  13  $964,169  $999,000  95  96%  93% 
Sep,2016  87  $1,364,395  $1,050,000  12  $1,090,308  $1,006,500  $972,817  $955,000  153  $715,000  $687,500  49  97%  96% 
Aug,2016  95  $1,324,014  $1,035,000  $1,371,317  $849,000  10  $782,180  $729,950  72  14  $840,368  $834,950  120  97%  93% 
Jul,2016  105  $1,263,538  $1,029,000  13  $985,607  $1,025,000  10  $917,939  $849,450  115  10  $875,155  $807,500  69  93%  89% 
Jun,2016  111  $1,320,330  $1,035,000  23  $1,328,304  $879,000  $1,037,000  $862,000  135  $912,000  $806,000  55  96%  94% 
May,2016  103  $1,254,060  $1,049,000  23  $988,257  $990,000  $945,300  $799,000  38  $689,820  $575,000  121  97%  89% 
Apr,2016  92  $1,314,967  $1,123,500  14  $1,080,700  $949,950  $894,967  $862,500  78  $1,026,400  $985,000  209  95%  93% 
Mar,2016  97  $1,315,886  $1,099,000  29  $1,113,072  $879,000  $759,611  $749,500  101  $756,375  $690,000  162  94%  89% 
Feb,2016  81  $1,355,502  $1,099,999  21  $1,365,066  $1,099,000  $1,030,833  $1,094,000  189  $774,833  $677,500  77  94%  92% 
Jan,2016  68  $1,371,615  $1,148,000  $1,319,650  $1,099,000  $765,375  $623,250  115  $1,176,000  $1,368,000  141  89%  83% 
 
Period 1:        172  $1,176,845    79  $947,273    109  78  $859,656    108  95%  91% 
 
Summary Period 1:        172  $1,176,845    79  $947,273    109  78  $859,656    108  95%  91% 

Mendham Township Real Estate Market Analysis: Year-to-Previous-Year Analysis (2016)

MMM,YYYY Active Listings New Listings Under Contract Sold Listings
  # Avg. LP Med. LP # Avg. LP Med. LP # Avg. LP Med. LP Avg.
DOM
# Avg. SP Med. SP Avg.
DOM
SP/LP SP/OLP
Dec,2016  80  $1,367,400  $1,194,000  10  $811,480  $698,450  $1,671,960  $1,295,000  164  $755,000  $755,000  53  97%  97% 
Dec,2015  74  $1,362,320  $1,099,500  $1,048,250  $974,000  $973,650  $662,450  139  $721,394  $708,225  100  98%  93% 
Nov,2016  74  $1,416,380  $1,194,000  $1,689,500  $1,689,500  $699,900  $699,900  18  $750,400  $840,000  166  92%  85% 
Nov,2015  88  $1,393,553  $1,147,000  $1,037,500  $1,011,000  $823,000  $744,000  52  $1,052,200  $925,000  111  93%  91% 
Oct,2016  87  $1,393,925  $1,147,000  13  $1,501,915  $1,295,000  $906,650  $942,500  122  13  $964,169  $999,000  95  96%  93% 
Oct,2015  95  $1,377,444  $1,099,999  17  $1,371,282  $1,399,000  $1,324,800  $1,399,000  94  $748,250  $543,750  185  94%  90% 
Sep,2016  87  $1,364,395  $1,050,000  12  $1,090,308  $1,006,500  $972,817  $955,000  153  $715,000  $687,500  49  97%  96% 
Sep,2015  93  $1,308,376  $1,065,000  16  $1,161,394  $922,500  $911,560  $1,060,000  97  10  $888,190  $888,950  117  96%  87% 
Aug,2016  95  $1,324,014  $1,035,000  $1,371,317  $849,000  10  $782,180  $729,950  72  14  $840,368  $834,950  120  97%  93% 
Aug,2015  93  $1,328,437  $1,099,000  13  $1,072,292  $950,000  $1,128,650  $1,124,950  107  11  $1,211,842  $1,000,000  65  96%  91% 
Jul,2016  105  $1,263,538  $1,029,000  13  $985,607  $1,025,000  10  $917,939  $849,450  115  10  $875,155  $807,500  69  93%  89% 
Jul,2015  98  $1,319,690  $1,098,500  13  $1,225,208  $1,079,000  11  $877,436  $949,900  102  15  $955,793  $840,000  62  97%  96% 
Jun,2016  111  $1,320,330  $1,035,000  23  $1,328,304  $879,000  $1,037,000  $862,000  135  $912,000  $806,000  55  96%  94% 
Jun,2015  108  $1,317,921  $1,100,000  20  $1,178,980  $932,000  13  $1,153,208  $1,150,000  68  19  $1,068,421  $950,000  90  97%  94% 
May,2016  103  $1,254,060  $1,049,000  23  $988,257  $990,000  $945,300  $799,000  38  $689,820  $575,000  121  97%  89% 
May,2015  112  $1,281,993  $1,086,500  23  $1,305,461  $1,150,000  18  $954,572  $909,000  121  $828,333  $830,000  86  98%  98% 
Apr,2016  92  $1,314,967  $1,123,500  14  $1,080,700  $949,950  $894,967  $862,500  78  $1,026,400  $985,000  209  95%  93% 
Apr,2015  112  $1,260,824  $999,999  30  $1,126,090  $997,000  12  $1,137,750  $1,059,000  46  $539,667  $580,000  25  99%  99% 
Mar,2016  97  $1,315,886  $1,099,000  29  $1,113,072  $879,000  $759,611  $749,500  101  $756,375  $690,000  162  94%  89% 
Mar,2015  95  $1,257,280  $999,999  25  $1,464,280  $1,149,000  $668,014  $629,000  101  $809,000  $808,500  49  100%  95% 
Feb,2016  81  $1,355,502  $1,099,999  21  $1,365,066  $1,099,000  $1,030,833  $1,094,000  189  $774,833  $677,500  77  94%  92% 
Feb,2015  79  $1,190,716  $969,000  15  $1,092,004  $969,000  $817,800  $880,000  48  $562,333  $700,000  158  99%  96% 
Jan,2016  68  $1,371,615  $1,148,000  $1,319,650  $1,099,000  $765,375  $623,250  115  $1,176,000  $1,368,000  141  89%  83% 
Jan,2015  71  $1,202,920  $949,000  10  $1,261,700  $934,500  $219,000  $219,000  430  $750,000  $795,000  59  94%  93% 
 
Period 1:        172  $1,176,845    79  $947,273     109 78  $859,656    108  95%  91% 
Period 2:        192  $1,224,852    91  $991,368    94  89  $931,455    90  97%  93%