Is Peapack and Gladstone, 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, Peapack and Gladstone was a Buyer's Market.
Key Takeaway
Peapack and Gladstone is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Peapack and Gladstone, NJ
How much do homes in Peapack and Gladstone, NJ cost?
Median Sold Price
$963,500
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Peapack and Gladstone have sold for 10.7% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $682K | N/A |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | $1.0M | - | N/A |
Summary: Peapack and Gladstone housing prices by bedroom type for April 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.
Median Sold Price Compared To Nearby Cities
| Gladstone | $1.0M | $1.2M | +15.4% |
| Peapack and Gladstone | $1.0M | $963.5K | -10.7% |
Housing Supply in Peapack and Gladstone, NJ
How many homes are available in Peapack and Gladstone, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Peapack and Gladstone real estate market had 9 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Peapack and Gladstone housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Peapack and Gladstone, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Peapack and Gladstone in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Peapack and Gladstone, NJ
We’re sorry, we don't have information for this market at the moment
