$6,531 Closing Credit*
$550,000
5 Beds
•2 Full Baths
Albert Diodonet, Listing Office: Luis Sanchez Realty
Is Prospect Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Prospect Park was a Seller's Market.
Key Takeaway
Prospect Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Prospect Park, NJ
How much do homes in Prospect Park, NJ cost?
Median Sold Price
$550,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$135,000(+32.5%)
Key Takeaway
Homes in Prospect Park have sold for 32.5% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $359K | - | N/A |
| 3 Bedrooms | $455K | - | N/A |
| 4 Bedrooms | - | $550K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Prospect Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Prospect Park, NJ
How many homes are available in Prospect Park, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Prospect Park real estate market had 13 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Prospect Park 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prospect Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Prospect Park in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Prospect Park, NJ
We’re sorry, we don't have information for this market at the moment
