$4,036 Closing Credit*
$339,900
2 Beds
•1 Full Bath, 1 Partial
Colleen McMahon, Listing Office: Century 21 Crest Real Estate
Is Pequannock Township, 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, Pequannock Township was a Seller's Market.
Key Takeaway
Pequannock Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pequannock Township, NJ
How much do homes in Pequannock Township, NJ cost?
Median Sold Price
$587,500
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,500(+10.8%)
Key Takeaway
Homes in Pequannock Township have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Pequannock Township was $587,500 in November 2024, up 10.8% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276.2K | $359K | +30.0% |
| 2 Bedrooms | $378.5K | $434K | +14.7% |
| 3 Bedrooms | $547.5K | $587.5K | +7.3% |
| 4 Bedrooms | $630K | $735K | +16.7% |
| 5+ Bedrooms | $1.0M | $835.7K | -18.5% |
Summary: Pequannock Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Pompton Plains | $543.6K | $617K | +13.5% |
| Pompton Lakes | $450K | $500K | +11.1% |
| Pequannock Township | $530K | $587.5K | +10.8% |
| Riverdale | $410K | $425K | +3.7% |
Housing Supply in Pequannock Township, NJ
How many homes are available in Pequannock Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Summary: The Pequannock Township real estate market had 38 homes for sale in November 2024, a 2.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Pequannock Township 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pequannock Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Pequannock Township in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Pequannock Township, NJ
We’re sorry, we don't have information for this market at the moment
