Realty Times - Rumson, New Jersey Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > New Jersey > Rumson

Market Conditions Summary for Rumson, New Jersey

Reported by
George Coffenberg
as of 9/2/2011:

There were 18 homes that sold in August 2011 with a median sales price of $1,487,500. During August 2010 there were 10 homes sold for a median sales price of $1,442,500. There are currently 100 homes available for sale ranging in price from $359,000... MORE->

Reported by
George Coffenberg
as of 7/16/2011:

The median sales price for a single family home in Rumson, NJ has risen to $1,165,000 from $1,075,000 over the past 12 months. This is an increase of approximately 9% year over year. During the past year 85 single family homes have been sold from... MORE->

Reported by
George Coffenberg
as of 12/14/2010:

The median sales price from 12/1/08 to 11/30/09 in Rumson, NJ was $995k with 71 properties sold during that time period. From 12/1/09 to 11/30/10 the median sales price was $1.2 million with 85 properties sold during that time. This was a 17%... MORE->

Reported by
Kathy ODonnell
as of 12/14/2010:

Houses are selling and buyers are buying just being open as a seller to adjusting the price to where it needs to be and the house will... MORE->

Reported by
Carolynn Ozar Diakon
as of 9/3/2010:

In this year alone, 66 homes have sold in Rumson more than half of those were over $1M with another 10 under contract. There still remains a great opportunity for buyers as supply is higher and prices are lower due to supply and the low interest... MORE->

Average Current Market Rating: 2 (5 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 3.6 (5 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > New Jersey > Rumson

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

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