Is Lake Hopatcong, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lake Hopatcong was a Buyer's Market.
Housing Prices in Lake Hopatcong, NJ
How much do homes in Lake Hopatcong, NJ cost?
Median Sold Price
$450,000
-
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 | $192K | $147.7K | -23.0% |
2 Bedrooms | $259.9K | $315K | +21.2% |
3 Bedrooms | $430K | $447.5K | +4.1% |
4 Bedrooms | $627.5K | $702.5K | +12.0% |
5+ Bedrooms | $592.5K | $1.1M | +88.6% |
Summary: Lake Hopatcong housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 88.6%.
Median Sold Price Compared To Nearby Cities
Roxbury Township | $438.7K | $520K | +18.5% |
Mount Arlington | $385K | $447K | +16.1% |
Hopatcong | $343.7K | $385K | +12.0% |
Sparta | $501.2K | $544K | +8.5% |
Lake Hopatcong | $460K | $450K | -2.2% |
Housing Supply in Lake Hopatcong, NJ
How many homes are available in Lake Hopatcong, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 37 | +19.4% |
Summary: The Lake Hopatcong real estate market had 37 homes for sale in May 2024, a 19.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 16 | 22 | +37.5% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lake Hopatcong housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lake Hopatcong in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Lake Hopatcong, NJ
We’re sorry, we don't have information for this market at the moment