$995,000
8.13 Acres
Land
Listing Office: VALENTINO REALTY
Is Pomona, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Pomona was a Buyer'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
$393,250
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$128,800(+48.7%)
Key Takeaway
Homes in Pomona have sold for 48.7% more than they did a year ago.
Summary: The median home sold price in Pomona was $393,250 in October 2024, up 48.7% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | $174.2K | +42.8% |
| 2 Bedrooms | $173K | $247.5K | +43.1% |
| 3 Bedrooms | $286K | $355K | +24.1% |
| 4 Bedrooms | $395K | $444.9K | +12.7% |
| 5+ Bedrooms | - | $434K | N/A |
Summary: Pomona housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.8%, 2 bedroom homes increased by 43.1%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes did not change.
Housing Supply in Pomona, NJ
How many homes are available in Pomona, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Pomona real estate market had 21 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Pomona housing inventory by bedroom type for October 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 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pomona, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Pomona in October 2024, up by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 23 Days | +81.3% |
Summary: Homes in Pomona had an average of 23 days on market in Oct 2024, up by 81.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were 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 October 2024, 7 homes were sold in Pomona; 71% of homes were sold within 30 days, 29% 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. 
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.