$6,472 Closing Credit*
$545,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: REAL
Is Pohatcong 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, Pohatcong Township has remained a Seller's Market.
Key Takeaway
Pohatcong Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pohatcong Township, NJ
How much do homes in Pohatcong Township, NJ cost?
Median Sold Price
$349,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,500(+11.0%)
Key Takeaway
Homes in Pohatcong Township have sold for 11% more than they did a year ago.
Summary: The median home sold price in Pohatcong Township was $349,500 in October 2024, up 11% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $235K | N/A |
| 2 Bedrooms | $271K | $349K | +28.8% |
| 3 Bedrooms | $345K | $343.7K | -0.4% |
| 4 Bedrooms | $320K | $370K | +15.6% |
| 5+ Bedrooms | - | $400K | N/A |
Summary: Pohatcong Township 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 increased by 28.8%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Williams Township | $395.5K | $481K | +21.6% |
| Phillipsburg | $275K | $320K | +16.4% |
| Pohatcong Township | $315K | $349.5K | +11.0% |
| Greenwich Township | $495K | $490K | -1.0% |
Housing Supply in Pohatcong Township, NJ
How many homes are available in Pohatcong Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Summary: The Pohatcong Township real estate market had 15 homes for sale in October 2024, a 21.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pohatcong Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pohatcong Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Pohatcong Township in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Pohatcong Township, NJ
How long does it take to sell a home in Pohatcong Township, 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 Pohatcong Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Pohatcong Township; 25% 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.
