Bernardsville Market Update Q4’ 23 vs Q4’ 22

Written By Megan Bonanno

Inventory Trends
Overall inventory was consistent withQ4 2022

Closed Sales Insights
Because of the limited inventory, we experienced a 19% decline in closed sales.  In the townhome sector we had only 1 townhome close in 2022 and 0 in 2023 contributing to the inefficient data set to evaluate.   

Average Sale Price Trends
The average sale price in Bernardsville declined 36% for single family homes.  This is primarily due to the mix of homes sold as opposed to depreciating prices. 

Bernardsville Q4 2022 versus Q4 2023 Market Report
Bernardsville Single Family Real Estate Market Trends
Bernardsville Condo Real Estate Market Trends
Bernardsville Real Estate Market Trends
Megan Bonanno
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Basking Ridge Market Insights - A comparison of Q4’23 vs. Q4'22