Linden Real Estate Market Report - July 2014
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Home buyers and home sellers in Linden, NJ, will find the information they need to study the real estate market here. We describe the current market, compare it to previous years, and offer suggestions for buyers and sellers.
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Linden Real Estate Market Report - July 2014
- 1. How’s the Real Estate Market in Linden? July, 2014
- 2. If you're planning on buying or selling a home in Linden, the first step is to learn about the Lindenreal estate market conditions.
- 3. Inventory There are currently 171homes offered for sale in Linden and they range in price from $109,000 to $649,000. 0 50 100 150 200 250 300 350 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Active and Sold Listings - Linden, NJ
- 4. 0 50 100 150 200 250 300 350 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Active and Sold Listings - Linden, NJ Inventory 12 month avg= 234 July 2014 = 239 July 2013 = 258 July 2012 = 286 July ‘12 July ‘13 July ‘14 12 month avg
- 5. 0 50 100 150 200 250 300 350 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Active and Sold Listings - Linden, NJ Inventory 12 month avg= 234 July 2014 = 239 July 2013 = 258 July 2012 = 286 July ‘12 July ‘13 July ‘14 12 month avg Inventory is definitely decreasing. Low supply usually means an increase in prices.
- 6. Prices The average selling price of a home in Linden in July was $242,468. 0 50000 100000 150000 200000 250000 300000 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Linden - Average Sale Price and List Price
- 7. 0 50000 100000 150000 200000 250000 300000 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Linden - Average Sale Price and List Price Prices 12 month avg = $210,022 July 2014 = $ 242,468 July 2013 = $222,223 July 2012 = $215,789 July ‘12 July ‘13 July ‘14
- 8. 0 50000 100000 150000 200000 250000 300000 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Linden - Average Sale Price and List Price Prices 12 month avg = $210,022 July 2014 = $ 242,468 July 2013 = $222,223 July 2012 = $215,789 July ‘12 July ‘13 July ‘14 Prices are increasing in Linden, but very slowly.
- 9. Days on Market The average sold home in Linden in July was sold after 68 days. 0 50 100 150 200 250 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Average Days on Market - Linden, NJ
- 10. 0 50 100 150 200 250 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Average Days on Market - Linden, NJ Days on Market 12 month avg = 111 July 2014 = 68 July 2013 = 124 July 2012 = 143 July ‘12 July ‘13 July ‘14
- 11. 0 50 100 150 200 250 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Average Days on Market - Linden, NJ Days on Market 12 month avg = 111 July 2014 = 68 July 2013 = 124 July 2012 = 143 July ‘12 July ‘13 July ‘14 Homes in Linden are selling faster now than they have in years!
- 12. What does this mean to you? Prices are up slightly, inventory is down, and homes are selling more quickly. If you’re planning to BUY a home, this might be a great time to get a deal! If you’re planning to SELL a home, you need to make sure your home is in top showing condition and that it’s priced right so that it stands up to the competition!