Is Lopatcong Township, 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, Lopatcong Township was a Neutral Market.
Housing Prices in Lopatcong Township, NJ
How much do homes in Lopatcong Township, NJ cost?
Median Sold Price
$369,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lopatcong Township was $369,000 in May 2024, up 20.2% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $184K | $199K | +8.2% |
2 Bedrooms | $262.5K | $300K | +14.3% |
3 Bedrooms | $325K | $360.7K | +11.0% |
4 Bedrooms | $451.5K | $515K | +14.1% |
5+ Bedrooms | $555K | $562.5K | +1.4% |
Summary: Lopatcong Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Lopatcong Township | $307K | $369K | +20.2% |
Phillipsburg | $264.6K | $300K | +13.4% |
Harmony Township | $327.5K | $347.4K | +6.1% |
Stewartsville | $432K | $412.5K | -4.5% |
Greenwich Township | $525K | $486.2K | -7.4% |
Housing Supply in Lopatcong Township, NJ
How many homes are available in Lopatcong Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 36 | -14.3% |
Summary: The Lopatcong Township real estate market had 36 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 14 | 11 | -21.4% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lopatcong Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lopatcong Township in May 2024, up by 50.0% month-over-month. Of the 15 sold homes, 13% were sold under asking, 0% were sold at asking, and 87% were sold over asking.
Days on Market for Lopatcong Township, NJ
How long does it take to sell a home in Lopatcong Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 21 Days | -22.2% |
Summary: Homes in Lopatcong Township had an average of 21 days on market in May 2024, down by 22.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Lopatcong Township; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.