$5,213 Closing Credit*
$439,000
2,080 SqFt
3 Beds
•2 Full Baths
Seth Davidson, Listing Office: Better Homes and Gardens Real Estate Maturo
Is Stanhope, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Stanhope has remained a Seller's Market.
Key Takeaway
Stanhope is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stanhope, NJ
How much do homes in Stanhope, NJ cost?
Median Sold Price
$400,650
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$15,650(+4.1%)
Key Takeaway
Homes in Stanhope have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Stanhope was $400,650 in December 2024, up 4.1% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.5K | $270K | +9.5% |
| 2 Bedrooms | $290K | $328.5K | +13.3% |
| 3 Bedrooms | $400K | $418.5K | +4.6% |
| 4 Bedrooms | $429.5K | $540K | +25.7% |
| 5+ Bedrooms | $477.5K | $495K | +3.7% |
Summary: Stanhope housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Landing | $420.5K | $470K | +11.8% |
| Roxbury Township | $487.5K | $540K | +10.8% |
| Byram Township | $447K | $481K | +7.6% |
| Stanhope | $385K | $400.6K | +4.1% |
Housing Supply in Stanhope, NJ
How many homes are available in Stanhope, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 46 | 37 | -19.6% |
Summary: The Stanhope real estate market had 37 homes for sale in December 2024, a 19.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Stanhope housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stanhope, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Stanhope in December 2024, down by 37.5% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Stanhope, NJ
We’re sorry, we don't have information for this market at the moment
