Is Phillipsburg, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phillipsburg is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Phillipsburg has remained a Seller's Market.

Key Takeaway

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

How much do homes in Phillipsburg, NJ cost?

Median Sold Price

$210,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$33,750(+19.1%)

Key Takeaway

Homes in Phillipsburg have sold for 19.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $65K$100K
+53.8%
2 $130K$160K
+23.1%
3 $176.7K$210K
+18.8%
4 $194.5K$250K
+28.5%
5+ $262.5K$210K
-20.0%

Median Sold Price Compared To Nearby Cities

Phillipsburg
+19.1%
Easton
+18.2%
Lopatcong Township
+14.0%
Williams Township
+5.7%

How many homes are available in Phillipsburg, NJ?

Number of Homes For Sale

Dec 2022Jan 2023%
5856-3.4%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 1013
+30.0%
3 3227
-15.6%
4 1313
0.0%
5+ 33
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
1211-8.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phillipsburg, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Average Sale Time

Jan 2022Jan 2023%
29 Days8 Days-72.4%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Phillipsburg are selling fast, if you're buying plan to act quickly.

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

About Phillipsburg, NJ

Homes for sale in Phillipsburg, NJ have reached 56. In January 2023 in Phillipsburg, NJ there were 3.4% less homes for sale than in December 2022. While the average time on the market in January 2023 was 8 days, the median list price was $210,000. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 53.8%, 2 bedrooms properties prices increased by 23.1%, 3 bedrooms properties prices increased by 18.8%, prices of 4 bedrooms properties increased by 28.5%, 5 bedrooms properties became 20% more cheaper. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 30%, 3 bedrooms homes inventory decreased by 15.6%, number of 4 bedrooms homes remained the same, 5 bedrooms homes did not move. Phillipsburg, NJ housing market in January 2023 saw over 5 listings sold above listed price, more than 2 sold at listed price and over 4 sold below.

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