$10,000 Closing Credit*
$998,500
3 Beds
•3 Full Baths
Listing Office: REALTY EXECUTIVES PROPERTY SQUAD
Is Lake Hopatcong, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lake Hopatcong has remained a Seller's Market.
Key Takeaway
Lake Hopatcong is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Hopatcong, NJ
How much do homes in Lake Hopatcong, NJ cost?
Median Sold Price
$461,250
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,250(+4.8%)
Key Takeaway
Homes in Lake Hopatcong have sold for 4.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $195K | +44.4% |
| 2 Bedrooms | $280K | $312.5K | +11.6% |
| 3 Bedrooms | $422K | $460K | +9.0% |
| 4 Bedrooms | $677K | $727K | +7.4% |
| 5+ Bedrooms | $667.4K | $769K | +15.2% |
Summary: Lake Hopatcong housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Roxbury Township | $476K | $530K | +11.3% |
| Hopatcong | $367.6K | $400K | +8.8% |
| Lake Hopatcong | $440K | $461.2K | +4.8% |
| Sparta | $525K | $550K | +4.8% |
| Mount Arlington | $435K | $450K | +3.4% |
Housing Supply in Lake Hopatcong, NJ
How many homes are available in Lake Hopatcong, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Summary: The Lake Hopatcong real estate market had 32 homes for sale in October 2024, a 18.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lake Hopatcong housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Hopatcong, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Lake Hopatcong in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% 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
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