$6,828 Closing Credit*
$575,000
4 Beds
•1 Full Bath, 1 Partial
Listing Office: KL SOTHEBY'S INT'L. REALTY
Is Peapack and Gladstone, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Peapack and Gladstone was a Seller's Market.
Key Takeaway
Peapack and Gladstone is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Peapack and Gladstone, NJ
How much do homes in Peapack and Gladstone, NJ cost?
Median Sold Price
$975,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-0.5%)
Key Takeaway
Homes in Peapack and Gladstone have sold for 0.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $385K | N/A |
| 2 Bedrooms | $439.5K | - | N/A |
| 3 Bedrooms | $465K | $635K | +36.6% |
| 4 Bedrooms | $1.1M | $975K | -12.4% |
| 5+ Bedrooms | $1.2M | $1.3M | +7.5% |
Summary: Peapack and Gladstone housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 36.6%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Bernardsville | $827.5K | $999K | +20.7% |
| Far Hills | $1.1M | $1.3M | +15.2% |
| Chester Township | $865K | $950K | +9.8% |
| Peapack and Gladstone | $980K | $975K | -0.5% |
| Gladstone | $875K | $849K | -3.0% |
Housing Supply in Peapack and Gladstone, NJ
How many homes are available in Peapack and Gladstone, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Peapack and Gladstone real estate market had 18 homes for sale in November 2024, a 20.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Peapack and Gladstone 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 increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Peapack and Gladstone, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Peapack and Gladstone in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Peapack and Gladstone, NJ
We’re sorry, we don't have information for this market at the moment
