Is Phillipsburg, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Phillipsburg has remained a Seller's Market.
Housing Prices in Phillipsburg, NJ
How much do homes in Phillipsburg, NJ cost?
Median Sold Price
$300,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Phillipsburg was $300,000 in May 2024, up 13.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $199K | +13.7% |
2 Bedrooms | $240K | $267.5K | +11.5% |
3 Bedrooms | $254K | $295K | +16.1% |
4 Bedrooms | $365K | $425K | +16.4% |
5+ Bedrooms | $350K | $445K | +27.1% |
Summary: Phillipsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
Lopatcong Township | $307K | $369K | +20.2% |
Phillipsburg | $264.6K | $300K | +13.4% |
Williams Township | $379.9K | $429.9K | +13.2% |
Easton | $312.9K | $345K | +10.2% |
Pohatcong Township | $317.5K | $330K | +3.9% |
Housing Supply in Phillipsburg, NJ
How many homes are available in Phillipsburg, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
133 | 146 | +9.8% |
Summary: The Phillipsburg real estate market had 146 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 31 | 27 | -12.9% |
3 Bedrooms | 54 | 64 | +18.5% |
4 Bedrooms | 36 | 40 | +11.1% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Phillipsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Phillipsburg in May 2024, up by 3.7% month-over-month. Of the 28 sold homes, 14% were sold under asking, 11% were sold at asking, and 75% were sold over asking.
Days on Market for Phillipsburg, NJ
How long does it take to sell a home in Phillipsburg, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 42 Days | +55.6% |
Summary: Homes in Phillipsburg had an average of 42 days on market in May 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Phillipsburg; 4% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.