Is Phillipsburg, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Phillipsburg was a Seller's Market.
Key Takeaway
Phillipsburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Phillipsburg, NJ
How much do homes in Phillipsburg, NJ cost?
Median Sold Price
$287,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Phillipsburg have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Phillipsburg was $287,000 in March 2024, up 12.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $194.9K | +11.4% |
| 2 Bedrooms | $237.5K | $255K | +7.4% |
| 3 Bedrooms | $250K | $282.2K | +12.9% |
| 4 Bedrooms | $346K | $402.5K | +16.3% |
| 5+ Bedrooms | $350K | $287K | -18.0% |
Summary: Phillipsburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 18%.
Median Sold Price Compared To Nearby Cities
| Easton | $233.6K | $345.6K | +47.9% |
| Williams Township | $340.3K | $420K | +23.4% |
| Phillipsburg | $254.7K | $287K | +12.7% |
| Lopatcong Township | $320K | $360K | +12.5% |
| Pohatcong Township | $308K | $320K | +3.9% |
Housing Supply in Phillipsburg, NJ
How many homes are available in Phillipsburg, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 114 | 132 | +15.8% |
Summary: The Phillipsburg real estate market had 132 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 22 | 25 | +13.6% |
| 3 Bedrooms | 51 | 57 | +11.8% |
| 4 Bedrooms | 33 | 39 | +18.2% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Phillipsburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
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.
Summary: A total of 22 homes were sold or pending in Phillipsburg in March 2024, down by 18.5% month-over-month. Of the 22 sold homes, 41% were sold under asking, 14% were sold at asking, and 45% were sold over asking.
Days on Market for Phillipsburg, NJ
We’re sorry, we don't have information for this market at the moment
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. 
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.