Is Pohatcong Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pohatcong Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Pohatcong Township was a Seller's Market.

Key Takeaway

Pohatcong Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pohatcong Township, NJ

How much do homes in Pohatcong Township, NJ cost?

Median Sold Price

$389,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$29,000(+8.1%)

Key Takeaway

Homes in Pohatcong Township have sold for 8.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $360K$389K
+8.1%
4 --
N/A
5+ --
N/A

Summary: Pohatcong Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pohatcong Township
+8.1%
Greenwich Township
-1.7%

Housing Supply in Pohatcong Township, NJ

How many homes are available in Pohatcong Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1514-6.7%

Summary: The Pohatcong Township real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 128
-33.3%
4 13
+200.0%
5+ 11
0.0%

Summary: The Pohatcong 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pohatcong Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Pohatcong Township in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Pohatcong Township, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Pohatcong Township, NJ

Nearby Markets to Pohatcong Township, NJ

What housing markets are near Pohatcong Township, NJ?