$4,036 Closing Credit*
$339,900
2 Beds
•1 Full Bath, 1 Partial
Colleen McMahon, Listing Office: Century 21 Crest Real Estate
Is Pompton Plains, 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 Plains was a Seller's Market.
Key Takeaway
Pompton Plains is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pompton Plains, NJ
How much do homes in Pompton Plains, NJ cost?
Median Sold Price
$617,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,363(+13.5%)
Key Takeaway
Homes in Pompton Plains have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Pompton Plains was $617,000 in November 2024, up 13.5% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297.2K | $359K | +20.8% |
| 2 Bedrooms | $376.5K | $444K | +17.9% |
| 3 Bedrooms | $550K | $621K | +12.9% |
| 4 Bedrooms | $649K | $742.5K | +14.4% |
| 5+ Bedrooms | $1.0M | $1.0M | +1.8% |
Summary: Pompton Plains housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Pompton Plains | $543.6K | $617K | +13.5% |
| Pequannock Township | $530K | $587.5K | +10.8% |
| Wayne Township | $615.6K | $681K | +10.6% |
| Riverdale | $410K | $425K | +3.7% |
Housing Supply in Pompton Plains, NJ
How many homes are available in Pompton Plains, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Pompton Plains real estate market had 25 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Pompton Plains 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pompton Plains, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Pompton Plains in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Pompton Plains, NJ
We’re sorry, we don't have information for this market at the moment
