Is Pequannock, 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, Pequannock has remained a Seller's Market.
Key Takeaway
Pequannock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pequannock, NJ
How much do homes in Pequannock, NJ cost?
Median Sold Price
$535,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pequannock have sold for 11.2% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $244K | +12.2% |
| 2 Bedrooms | $445K | $420K | -5.6% |
| 3 Bedrooms | $525K | $545K | +3.8% |
| 4 Bedrooms | $625K | $595K | -4.8% |
| 5+ Bedrooms | $779.9K | $685.3K | -12.1% |
Summary: Pequannock housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 12.1%.
Median Sold Price Compared To Nearby Cities
| Pompton Plains | $505K | $569.5K | +12.8% |
| Wayne Township | $609.2K | $635K | +4.2% |
| Wayne | $609.5K | $635.2K | +4.2% |
| Pequannock Township | $529K | $550K | +4.0% |
| Pequannock | $602.5K | $535K | -11.2% |
Housing Supply in Pequannock, NJ
How many homes are available in Pequannock, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Pequannock real estate market had 8 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 1 | -75.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Pequannock 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 remained the same, 3 bedroom homes decreased by 75%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pequannock, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pequannock in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Pequannock, NJ
We’re sorry, we don't have information for this market at the moment
