$4,299 Closing Credit*
$362,000
1,020 SqFt
3 Beds
•1 Full Bath
Listing Office: MODERN REALTY GROUP
Is Lake 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, 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
$469,900
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,900(+8.0%)
Key Takeaway
Homes in Lake Hopatcong have sold for 8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $365.7K | +95.1% |
| 2 Bedrooms | $277.5K | $330K | +18.9% |
| 3 Bedrooms | $425K | $460K | +8.2% |
| 4 Bedrooms | $700K | $725K | +3.6% |
| 5+ Bedrooms | $667.4K | $1.2M | +90.6% |
Summary: Lake Hopatcong housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.1%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 90.6%.
Median Sold Price Compared To Nearby Cities
| Roxbury Township | $477.5K | $530K | +11.0% |
| Hopatcong | $367.6K | $400K | +8.8% |
| Sparta | $525.1K | $570K | +8.5% |
| Lake Hopatcong | $435K | $469.9K | +8.0% |
| Mount Arlington | $442.5K | $450K | +1.7% |
Housing Supply in Lake Hopatcong, NJ
How many homes are available in Lake Hopatcong, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Summary: The Lake Hopatcong real estate market had 25 homes for sale in November 2024, a 19.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lake Hopatcong housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Hopatcong, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lake Hopatcong in November 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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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