$2,507 Closing Credit*
$211,137
3 Beds
•1 Full Bath
Gloria Washington, Listing Office: Vylla Home
Is Pequannock Township, 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, Pequannock Township has remained a Seller's Market.
Key Takeaway
Pequannock Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pequannock Township, NJ
How much do homes in Pequannock Township, NJ cost?
Median Sold Price
$595,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,600(+12.8%)
Key Takeaway
Homes in Pequannock Township have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Pequannock Township was $595,000 in October 2024, up 12.8% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | $363K | +24.1% |
| 2 Bedrooms | $379K | $434K | +14.5% |
| 3 Bedrooms | $544.3K | $595K | +9.3% |
| 4 Bedrooms | $630K | $707K | +12.2% |
| 5+ Bedrooms | $1.2M | $762.8K | -37.7% |
Summary: Pequannock Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 37.7%.
Median Sold Price Compared To Nearby Cities
| Pompton Plains | $525.8K | $611K | +16.2% |
| Pequannock Township | $527.4K | $595K | +12.8% |
| Pompton Lakes | $450K | $485K | +7.8% |
| Pequannock | $530K | $555K | +4.7% |
| Riverdale | $410K | $415K | +1.2% |
Housing Supply in Pequannock Township, NJ
How many homes are available in Pequannock Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 43 | +48.3% |
Summary: The Pequannock Township real estate market had 43 homes for sale in October 2024, a 48.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 6 | +500.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Pequannock Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pequannock Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Pequannock Township in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Pequannock Township, NJ
How long does it take to sell a home in Pequannock Township, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pequannock Township has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Pequannock Township; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.