$4,156 Closing Credit*
$350,000
1,532 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: BALSLEY/LOSCO
Is Pomona, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Pomona has remained a Seller's Market.
Key Takeaway
Pomona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pomona, NJ
How much do homes in Pomona, NJ cost?
Median Sold Price
$390,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$90,000(+30.0%)
Key Takeaway
Homes in Pomona have sold for 30% more than they did a year ago.
Summary: The median home sold price in Pomona was $390,000 in November 2024, up 30% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | $174.2K | +42.8% |
| 2 Bedrooms | $173K | $262K | +51.4% |
| 3 Bedrooms | $321.2K | $352.4K | +9.7% |
| 4 Bedrooms | $397.5K | $444.9K | +11.9% |
| 5+ Bedrooms | - | $434K | N/A |
Summary: Pomona housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.8%, 2 bedroom homes increased by 51.4%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Pomona | $300K | $390K | +30.0% |
| Farmington | $175K | $152.5K | -12.9% |
Housing Supply in Pomona, NJ
How many homes are available in Pomona, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Summary: The Pomona real estate market had 15 homes for sale in November 2024, a 21.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 0 | -100.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Pomona housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pomona, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Pomona in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Pomona, NJ
How long does it take to sell a home in Pomona, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 17 Days | -57.3% |
Summary: Homes in Pomona had an average of 17 days on market in Nov 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pomona are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Pomona; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.