$3,146 Closing Credit*
$264,900
4 Beds
•1 Full Bath, 1 Partial
Listing Office: KELLER WILLIAMS REAL ESTATE
Is Phillipsburg, 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, Phillipsburg has remained a Seller's Market.
Key Takeaway
Phillipsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Phillipsburg, NJ
How much do homes in Phillipsburg, NJ cost?
Median Sold Price
$320,066
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,066(+16.4%)
Key Takeaway
Homes in Phillipsburg have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Phillipsburg was $320,066 in October 2024, up 16.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187K | $199K | +6.4% |
| 2 Bedrooms | $252K | $264K | +4.8% |
| 3 Bedrooms | $265.7K | $314.9K | +18.5% |
| 4 Bedrooms | $383.8K | $420K | +9.4% |
| 5+ Bedrooms | $300K | $400K | +33.3% |
Summary: Phillipsburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
| Williams Township | $395.5K | $481K | +21.6% |
| Phillipsburg | $275K | $320K | +16.4% |
| Lopatcong Township | $327.5K | $370K | +13.0% |
| Pohatcong Township | $315K | $349.5K | +11.0% |
| Easton | $329.3K | $359.5K | +9.2% |
Housing Supply in Phillipsburg, NJ
How many homes are available in Phillipsburg, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 124 | 123 | -0.8% |
Summary: The Phillipsburg real estate market had 123 homes for sale in October 2024, a 0.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 62 | 67 | +8.1% |
| 4 Bedrooms | 37 | 30 | -18.9% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Phillipsburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phillipsburg, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Phillipsburg in October 2024, down by 4.3% month-over-month. Of the 22 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Phillipsburg, NJ
How long does it take to sell a home in Phillipsburg, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Phillipsburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Phillipsburg; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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