Is Pompton Lakes, 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, Pompton Lakes has remained a Seller's Market.
Key Takeaway
Pompton Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pompton Lakes, NJ
How much do homes in Pompton Lakes, NJ cost?
Median Sold Price
$463,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pompton Lakes have sold for 11.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195.5K | $234.5K | +19.9% |
| 2 Bedrooms | $346.2K | $400K | +15.5% |
| 3 Bedrooms | $429.5K | $480K | +11.8% |
| 4 Bedrooms | $470K | $520K | +10.6% |
| 5+ Bedrooms | $625K | $712K | +13.9% |
Summary: Pompton Lakes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.9%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Riverdale | $370K | $420K | +13.5% |
| Pompton Lakes | $415K | $463K | +11.6% |
| Haskell | $390K | $420K | +7.7% |
| Oakland | $612.4K | $619K | +1.1% |
| Pequannock Township | $545K | $550K | +0.9% |
Housing Supply in Pompton Lakes, NJ
How many homes are available in Pompton Lakes, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Pompton Lakes real estate market had 45 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Pompton Lakes housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pompton Lakes, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Pompton Lakes in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Pompton Lakes, NJ
We’re sorry, we don't have information for this market at the moment
