$7,124 Closing Credit*
$599,900
3 Beds
•3 Full Baths, 1 Partial
Listing Office: REALTY EXECUTIVES EXCEPTIONAL
Is Pompton Lakes, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pompton Lakes was a Seller's Market.
Key Takeaway
Pompton Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pompton Lakes, NJ
How much do homes in Pompton Lakes, NJ cost?
Median Sold Price
$500,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+11.1%)
Key Takeaway
Homes in Pompton Lakes have sold for 11.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $257.4K | +11.9% |
| 2 Bedrooms | $385K | $432.5K | +12.3% |
| 3 Bedrooms | $460.5K | $535K | +16.2% |
| 4 Bedrooms | $517K | $599.5K | +16.0% |
| 5+ Bedrooms | $712K | $605K | -15.0% |
Summary: Pompton Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Cities
| Pompton Lakes | $450K | $500K | +11.1% |
| Haskell | $405K | $450K | +11.1% |
| Pequannock Township | $530K | $587.5K | +10.8% |
| Riverdale | $410K | $425K | +3.7% |
| Oakland | $635K | $632K | -0.5% |
Housing Supply in Pompton Lakes, NJ
How many homes are available in Pompton Lakes, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Summary: The Pompton Lakes real estate market had 42 homes for sale in November 2024, a 2.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Pompton Lakes 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 decreased by 14.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pompton Lakes, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Pompton Lakes in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Pompton Lakes, NJ
We’re sorry, we don't have information for this market at the moment
