Is Pompton Lakes, 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, 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
$475,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pompton Lakes have sold for 14.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.5K | $230K | +8.2% |
| 2 Bedrooms | $345K | $400K | +15.9% |
| 3 Bedrooms | $426K | $480K | +12.7% |
| 4 Bedrooms | $470K | $525.7K | +11.9% |
| 5+ Bedrooms | $625K | $712K | +13.9% |
Summary: Pompton Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Pompton Lakes | $415K | $475K | +14.5% |
| Riverdale | $375K | $420K | +12.0% |
| Haskell | $390K | $427.5K | +9.6% |
| Pequannock Township | $529K | $550K | +4.0% |
| Oakland | $620K | $619K | -0.2% |
Housing Supply in Pompton Lakes, NJ
How many homes are available in Pompton Lakes, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 54 | +25.6% |
Summary: The Pompton Lakes real estate market had 54 homes for sale in April 2024, a 25.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 4 | 11 | +175.0% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Pompton Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 175%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pompton Lakes, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Pompton Lakes in April 2024, up by 44.4% month-over-month. Of the 13 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% 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
