$4,453 Closing Credit*
$375,000
3 Beds
•1 Full Bath
Listing Office: BHHS GROSS AND JANSEN REALTORS
Is Stanhope, 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, Stanhope was a Neutral Market.
Key Takeaway
Stanhope is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stanhope, NJ
How much do homes in Stanhope, NJ cost?
Median Sold Price
$390,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+9.9%)
Key Takeaway
Homes in Stanhope have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Stanhope was $390,000 in November 2024, up 9.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.5K | $277.5K | +12.6% |
| 2 Bedrooms | $270K | $320K | +18.5% |
| 3 Bedrooms | $390K | $410K | +5.1% |
| 4 Bedrooms | $425.7K | $527.5K | +23.9% |
| 5+ Bedrooms | $452.5K | $551K | +21.8% |
Summary: Stanhope housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Netcong | $382.5K | $455K | +19.0% |
| Landing | $420K | $470K | +11.9% |
| Roxbury Township | $477.5K | $530K | +11.0% |
| Stanhope | $355K | $390K | +9.9% |
| Byram Township | $447K | $483.2K | +8.1% |
Housing Supply in Stanhope, NJ
How many homes are available in Stanhope, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The Stanhope real estate market had 46 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 | 6 | 4 | -33.3% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Stanhope housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stanhope, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Stanhope in November 2024, up by 55.6% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Stanhope, NJ
We’re sorry, we don't have information for this market at the moment
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.