Is Pompton Plains, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pompton Plains was a Neutral Market.
Key Takeaway
Pompton Plains is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pompton Plains, NJ
How much do homes in Pompton Plains, NJ cost?
Median Sold Price
$585,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pompton Plains have sold for 17% more than they did a year ago.
Summary: The median home sold price in Pompton Plains was $585,000 in May 2024, up 17% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $302K | +6.0% |
| 2 Bedrooms | $377K | $392.5K | +4.1% |
| 3 Bedrooms | $554K | $585K | +5.6% |
| 4 Bedrooms | $630K | $665K | +5.6% |
| 5+ Bedrooms | $975K | $1.2M | +25.6% |
Summary: Pompton Plains housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 25.6%.
Median Sold Price Compared To Nearby Cities
| Pompton Plains | $500K | $585K | +17.0% |
| Riverdale | $380K | $420K | +10.5% |
| Pequannock Township | $510K | $560K | +9.8% |
| Wayne Township | $603.3K | $635K | +5.2% |
Housing Supply in Pompton Plains, NJ
How many homes are available in Pompton Plains, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Pompton Plains real estate market had 24 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Pompton Plains housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
0 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 Plains, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Pompton Plains in May 2024, up by 125.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Pompton Plains, NJ
We’re sorry, we don't have information for this market at the moment
