$9,203 Closing Credit*
$775,000
4 Beds
•2 Full Baths
Listing Office: WEICHERT REALTORS
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 October 2023
At the same time last year, Peapack and Gladstone was a Neutral 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
$1,114,500
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$239,500(+27.4%)
Key Takeaway
Homes in Peapack and Gladstone have sold for 27.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $385K | N/A |
| 2 Bedrooms | $439.5K | - | N/A |
| 3 Bedrooms | $465K | $635K | +36.6% |
| 4 Bedrooms | $875K | $1.0M | +23.7% |
| 5+ Bedrooms | $1.2M | $1.3M | +11.2% |
Summary: Peapack and Gladstone housing prices by bedroom type for October 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 increased by 23.7%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Peapack and Gladstone | $875K | $1.1M | +27.4% |
| Gladstone | $812.5K | $1.0M | +23.1% |
| Bernardsville | $835K | $998.5K | +19.6% |
| Chester Township | $850K | $949.5K | +11.7% |
| Far Hills | $1.2M | $1.3M | +9.9% |
Housing Supply in Peapack and Gladstone, NJ
How many homes are available in Peapack and Gladstone, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Peapack and Gladstone real estate market had 16 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Peapack and Gladstone housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Peapack and Gladstone, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Peapack and Gladstone in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
