Is Lopatcong Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lopatcong Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Lopatcong Township has remained a Seller's Market.

Key Takeaway

Lopatcong Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lopatcong Township, NJ cost?

Median Sold Price

$285,000

-

Based on all homes sold in October 2022.

Difference Since Last Month

-$40,000(-12.3%)

Key Takeaway

Homes in Lopatcong Township have sold for 12.3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 -$185K
N/A
2 $253.9K$285K
+12.2%
3 $325K$349.9K
+7.7%
4 $420K-
N/A
5+ $555K-
N/A

Median Sold Price Compared To Nearby Cities

Lopatcong Township
-12.3%
Greenwich Township
-16.1%
Stewartsville
-31.0%

How many homes are available in Lopatcong Township, NJ?

Number of Homes For Sale

Sep 2022Oct 2022%
4950+2.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 32
-33.3%
2 1721
+23.5%
3 1212
0.0%
4 1515
0.0%
5+ 20
-100.0%

Number of Homes Sold

Sep 2022Oct 2022%
139-30.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lopatcong Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lopatcong Township, NJ

There are 50 homes are for sale in Lopatcong Township, NJ real estate market. Between September 2022 and October 2022, Lopatcong Township, NJ real estate market has seen increase in the number of listings by 2%. From October 2021 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 12.2% more expensive, the cost of 3 bedrooms properties went up by 7.7%, 4 bedrooms properties became 0% more expensive, the cost of 5 bedrooms properties went up by 0%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 33.3%, number of 2 bedrooms homes increased by 23.5%, volume of 3 bedrooms homes stayed the same, volume of 4 bedrooms homes stayed the same, number of 5 bedrooms homes decreased by 100%. Lopatcong Township, NJ housing market in October 2022 saw over 4 listings sold above listed price, more than 4 sold at listed price and over 1 sold below.

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