Is Hopatcong, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hopatcong has remained a Seller's Market.
Housing Prices in Hopatcong, NJ
How much do homes in Hopatcong, NJ cost?
Median Sold Price
$385,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hopatcong was $385,000 in April 2024, up 12.8% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $230K | +37.3% |
2 Bedrooms | $270K | $300K | +11.1% |
3 Bedrooms | $367.5K | $395K | +7.5% |
4 Bedrooms | $430K | $450K | +4.7% |
5+ Bedrooms | $605K | $476.5K | -21.2% |
Summary: Hopatcong housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 21.2%.
Median Sold Price Compared To Nearby Cities
Mount Arlington | $387.5K | $445K | +14.8% |
Hopatcong | $341.2K | $385K | +12.8% |
Byram Township | $405K | $447K | +10.4% |
Landing | $410K | $447.5K | +9.1% |
Lake Hopatcong | $460K | $430K | -6.5% |
Housing Supply in Hopatcong, NJ
How many homes are available in Hopatcong, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 97 | +16.9% |
Summary: The Hopatcong real estate market had 97 homes for sale in April 2024, a 16.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 22 | 26 | +18.2% |
3 Bedrooms | 35 | 40 | +14.3% |
4 Bedrooms | 19 | 24 | +26.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hopatcong 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 increased by 18.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Hopatcong in April 2024, up by 25.0% month-over-month. Of the 20 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.
Days on Market for Hopatcong, NJ
We’re sorry, we don't have information for this market at the moment