Warren took 36 new listings in May, more than twice the number of homes that closed
Thirty six new listings came on in Warren in May 2025, the largest listing month in the record so far. Fifteen homes closed at a median of $1,250,000 on 14 median days on market.
Warren Township took 36 new listings in May 2025 at a median original asking price of $1,290,000, the largest listing month in the record so far and more than twice the 15 homes that closed during the same month. Those 15 closings had a median price of $1,250,000 and an average of $1,323,777. Median days on market was 14, the fastest month of 2025 to date, the average sale closed at 100.7 percent of ask, and eight of the fifteen closed at or over asking price.
May is the month Warren's inventory arrives. The closing side of the month was fast and unremarkable. The listing side was the largest in the record.
The month
| Measure | May 2025 | Apr 2025 | Mar 2025 |
|---|---|---|---|
| Closings | 15 | 14 | 9 |
| Median price | $1,250,000 | $1,125,000 | $915,000 |
| Average price | $1,323,777 | $1,147,343 | $1,254,005 |
| Median days on market | 14 | 23 | 78 |
| Average percent of ask | 100.7 | 101.0 | 104.5 |
| Closed at or over ask | 8 of 15 | 9 of 14 | 4 of 9 |
| New listings taken | 36 | 30 | 19 |
| Median original ask | $1,290,000 | $999,000 | $1,250,000 |
The supply side
Thirty six listings in one month, in a township that has closed 55 homes across the five months of 2025 so far.
The five month listing count now stands at 104, against those 55 closings. May alone accounts for roughly a third of the listings taken this year. The median original ask on the May cohort was $1,290,000, up from $999,000 in April and close to March's $1,250,000.
Two things follow from a month like this, and only one of them is knowable now. The knowable one is that buyers shopping Warren in May had considerably more to look at than buyers shopping in January, when eight listings came on. The unknowable one is how much of the 36 sells and at what. That resolves in July, August and September closings, and I will report it when it does rather than forecast it now.
A jump in new listings is not by itself a change in the balance between buyers and sellers. It is a count of homes that came to market. Whether it turns into more competition for buyers depends on how many of them go under contract, and at what pace, over the following weeks. The percent of ask and days on market figures in this post describe homes that were listed earlier, not the 36 that arrived in May.
The closings
Fifteen sales at a median of $1,250,000, the highest monthly median of 2025 to date, on a median 14 days on market, the fastest of the year to date.
Eight of the fifteen closed at or over ask and the average sale landed at 100.7 percent of ask. That is a close to asking market with slightly more than half the sales at or above the list price, which is close to how April behaved at nine of fourteen and 101.0 percent.
The average price, $1,323,777, sits $73,777 above the median, a narrower gap than March produced and a wider one than April's.
A number in the range that is not a sale
The month's recorded low price was $79,150. That figure does not look like an arms length market transaction, and I have excluded it from every part of the discussion above. Recorded transfers at that level in a township like Warren are typically family transfers or corrections rather than sales, and treating one as a sale would misstate the bottom of the market by hundreds of thousands of dollars.
The median is unaffected by it. A median is the midpoint of the set, so an outlier at the bottom does not move it. The month's high sale was $2,398,750.
Price per square foot
Median price per square foot in May was $371, computed on 14 of the 15 closings, which is 93 percent coverage. That is the best coverage of any month this year.
It is also the lowest figure of the five months, against $385, $407, $512 and $398. Do not read that as a decline. Better coverage makes the number more representative of the month it describes, and it does not make the month comparable to a prior month computed on six or seven properties. At these sample sizes the monthly median swings widely for reasons unrelated to what buyers paid per foot, and a month to month move in this series is not a trend.
These figures cover every residential property type in the MLS, including townhouses and condominiums, not detached houses alone. Attached product sells below detached in Warren, so a detached only median would run higher.
All figures come from GSMLS closed sale and listing records for Warren Township, Somerset County, filtered to exclude superseded listing records. This recap was compiled for the archive from a warehouse pull dated August 18, 2026. Warren Township is in Somerset County and is not Warren County. The 2024 monthly record was added to the source after this recap was first drafted. May 2024 closed 16 homes at a $1,201,000 median, 15 days on market and 100.1 percent of ask. The 2024 series carries closings, median price, days on market and percent of ask only, and its counts come from a slightly different superseded filter, so treat the comparison as directional rather than exact. Days on market reflects the current listing only. Percent of ask compares the sale price to the list price in effect at contract. New listing counts are by list date, so a home listed in May and closed in May appears in both columns.
Figures are deemed reliable but are not warranted. Nothing here is a valuation of any particular property.
- GSMLS data for Warren Township, Somerset County, via the author's BigQuery warehouse, pulled August 18, 2026. https://www.gsmls.com
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John Mangini
Broker / Owner, NextHome Premier
Warren Township resident and full time broker, serving clients since 1999. Warren 07059 is written from live Garden State MLS data, township records and primary sources. Every figure is traceable to a source listed above.
