$8,489 Closing Credit*
$714,900
4 Beds
•2 Full Baths
Roseanne Nover, Listing Office: Coldwell Banker, Wayne
Is Pompton Lakes, 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, Pompton Lakes has remained a Seller's Market.
Key Takeaway
Pompton Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pompton Lakes, NJ
How much do homes in Pompton Lakes, NJ cost?
Median Sold Price
$485,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+7.8%)
Key Takeaway
Homes in Pompton Lakes have sold for 7.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $247.5K | +8.8% |
| 2 Bedrooms | $362K | $432.5K | +19.5% |
| 3 Bedrooms | $470K | $530K | +12.8% |
| 4 Bedrooms | $517K | $574.5K | +11.1% |
| 5+ Bedrooms | $776K | $617.4K | -20.4% |
Summary: Pompton Lakes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Pequannock Township | $527.4K | $595K | +12.8% |
| Haskell | $400K | $447.5K | +11.9% |
| Pompton Lakes | $450K | $485K | +7.8% |
| Riverdale | $410K | $415K | +1.2% |
| Oakland | $630K | $634.7K | +0.8% |
Housing Supply in Pompton Lakes, NJ
How many homes are available in Pompton Lakes, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The Pompton Lakes real estate market had 45 homes for sale in October 2024, a 2.2% 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 | 14 | 14 | 0.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Pompton Lakes 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 remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pompton Lakes, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Pompton Lakes in October 2024, down by 40.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% 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
