South Orange, Maplewood Make NJ.com Top 10 Hottest Market List

by The Village Green
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South Orange and Maplewood are officially “hot,” according to a new article by NJ.com.

South Orange is ranked #3 and Maplewood is ranked #9 (with neighboring Millburn at #1) in the NJ.com/NJ Realtors list of Top 10 Hottest NJ Real Estate Markets in 2016.

NJ Realtors used three equally weighted criteria to determine the list:

  • median sales price,
  • average days on market, and
  • average percent of list price received

for properties sold through July 2015.

Maplewood had a median sales price of $575,000, 38 days on market, and 102.9 average percent of list price received.

South Orange had a median sales price of $679,000, 39 days on market, and 101.7 average percent of list price received.

See the full list here.

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