Is Pompton Lakes, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pompton Lakes has remained a Seller's Market.
Housing Prices in Pompton Lakes, NJ
How much do homes in Pompton Lakes, NJ cost?
Median Sold Price
$475,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $240K | +12.9% |
2 Bedrooms | $346.2K | $400K | +15.5% |
3 Bedrooms | $441.5K | $500K | +13.3% |
4 Bedrooms | $477K | $520K | +9.0% |
5+ Bedrooms | $550K | $712K | +29.5% |
Summary: Pompton Lakes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
Pompton Lakes | $420K | $475K | +13.1% |
Haskell | $390K | $437.5K | +12.2% |
Riverdale | $380K | $420K | +10.5% |
Pequannock Township | $510K | $560K | +9.8% |
Oakland | $620K | $617.5K | -0.4% |
Housing Supply in Pompton Lakes, NJ
How many homes are available in Pompton Lakes, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 51 | +4.1% |
Summary: The Pompton Lakes real estate market had 51 homes for sale in May 2024, a 4.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Pompton Lakes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Pompton Lakes in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Pompton Lakes, NJ
We’re sorry, we don't have information for this market at the moment