$4,738 Closing Credit*
$399,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: WEICHERT REALTORS
Is Hopatcong, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hopatcong has remained a Seller's Market.
Key Takeaway
Hopatcong is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopatcong, NJ
How much do homes in Hopatcong, NJ cost?
Median Sold Price
$400,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,350(+8.8%)
Key Takeaway
Homes in Hopatcong have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Hopatcong was $400,000 in November 2024, up 8.8% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $205.4K | -10.7% |
| 2 Bedrooms | $280K | $320K | +14.3% |
| 3 Bedrooms | $383K | $402K | +5.0% |
| 4 Bedrooms | $430K | $475K | +10.5% |
| 5+ Bedrooms | $486.5K | $523.5K | +7.6% |
Summary: Hopatcong housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Landing | $420K | $470K | +11.9% |
| Hopatcong | $367.6K | $400K | +8.8% |
| Byram Township | $447K | $483.2K | +8.1% |
| Lake Hopatcong | $435K | $469.9K | +8.0% |
| Mount Arlington | $442.5K | $450K | +1.7% |
Housing Supply in Hopatcong, NJ
How many homes are available in Hopatcong, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 76 | -12.6% |
Summary: The Hopatcong real estate market had 76 homes for sale in November 2024, a 12.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 37 | 32 | -13.5% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Hopatcong housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 13 | -55.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopatcong, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Hopatcong in November 2024, down by 55.2% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for Hopatcong, NJ
We’re sorry, we don't have information for this market at the moment
