$2,507 Closing Credit*
$211,137
3 Beds
•1 Full Bath
Gloria Washington, Listing Office: Vylla Home
Is Pompton Plains, 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 Plains has remained a Seller's Market.
Key Takeaway
Pompton Plains is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pompton Plains, NJ
How much do homes in Pompton Plains, NJ cost?
Median Sold Price
$611,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,200(+16.2%)
Key Takeaway
Homes in Pompton Plains have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Pompton Plains was $611,000 in October 2024, up 16.2% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302K | $363K | +20.2% |
| 2 Bedrooms | $378.5K | $434K | +14.7% |
| 3 Bedrooms | $543.6K | $611K | +12.4% |
| 4 Bedrooms | $632.5K | $721K | +14.0% |
| 5+ Bedrooms | $1.2M | $1.1M | -9.3% |
Summary: Pompton Plains housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Pompton Plains | $525.8K | $611K | +16.2% |
| Pequannock Township | $527.4K | $595K | +12.8% |
| Wayne Township | $610K | $682K | +11.8% |
| Pequannock | $530K | $555K | +4.7% |
| Riverdale | $410K | $415K | +1.2% |
Housing Supply in Pompton Plains, NJ
How many homes are available in Pompton Plains, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +38.1% |
Summary: The Pompton Plains real estate market had 29 homes for sale in October 2024, a 38.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 6 | +500.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Pompton Plains housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pompton Plains, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pompton Plains in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Pompton Plains, NJ
How long does it take to sell a home in Pompton Plains, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pompton Plains has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Pompton Plains; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.