Is Hopatcong, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hopatcong has remained a Seller's Market.
Key Takeaway
Hopatcong is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopatcong, NJ
How much do homes in Hopatcong, NJ cost?
Median Sold Price
$380,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hopatcong have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Hopatcong was $380,000 in March 2024, up 11.8% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $215K | +28.4% |
| 2 Bedrooms | $265K | $298K | +12.5% |
| 3 Bedrooms | $360K | $392K | +8.9% |
| 4 Bedrooms | $430K | $448K | +4.2% |
| 5+ Bedrooms | $592.5K | $480K | -19.0% |
Summary: Hopatcong housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 19%.
Median Sold Price Compared To Nearby Cities
| Mount Arlington | $385K | $442.5K | +14.9% |
| Hopatcong | $340K | $380K | +11.8% |
| Byram Township | $410K | $443K | +8.0% |
| Landing | $406K | $435K | +7.1% |
| Lake Hopatcong | $460K | $440K | -4.3% |
Housing Supply in Hopatcong, NJ
How many homes are available in Hopatcong, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 84 | +16.7% |
Summary: The Hopatcong real estate market had 84 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 15 | 22 | +46.7% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hopatcong housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopatcong, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Hopatcong in March 2024, up by 60.0% month-over-month. Of the 16 sold homes, 6% were sold under asking, 31% were sold at asking, and 63% were sold over asking.
Days on Market for Hopatcong, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 
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.