Altos Market Data for Realtors

Rumson, NJ

Single-Family Homes

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Rumson, NJ

Thu Mar 28 2024
This week the median list price for Rumson, NJ is $2,442,500 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 26. Click here to stay informed with the Rumson market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Rumson, NJ

Thu Mar 28 2024
This week the median list price for Rumson, NJ is $2,442,500 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 26. Click here to stay informed with the Rumson market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Rumson market.
Median List Price $2,442,500
Median Price of New Listings $3,737,499
Per Square Foot $744
Average Days on Market 114
Median Days on Market 49
Price Decreased 19%
Price Increased 12%
Relisted 15%
Inventory 26
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$6,044,500 11,422 2.5 - 5 acres 6 7 26 1 0 59
$2,939,500 4,776 1 - 2.5 acres 5 4.5 67 2 1 122
$2,200,000 2,746 0.5 - 1 acre 5 4.5 34 0 0 21
$1,799,000 1,739 4,500 - 6,500 sqft 4 2.5 47 1 0 56