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Featured local agent — Packanack Lake, NJ
Sarah Mitchell
Compass Real Estate · Packanack Lake, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Packanack Lake, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$739,900median sale price
How is the Packanack Lake, NJ housing market right now?
The median home sale price in Packanack Lake, NJ is $739,900, up 17.4% year-over-year. Homes sell in an average of 15 days with 9 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Packanack Lake a buyer's or seller's market?
Packanack Lake, NJ is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
15
Fast-moving
Active listings
9
1.8 months supply
Sale-to-list
107.2%
Above asking
What does the Packanack Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $739,900 |
| Median list price | $849,000 |
| Year-over-year price change | +17.4% |
| Average days on market | 15 days |
| Active inventory | 9 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 107.2% |
| Median price per sq ft | $458/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 7 |
| Listings with a price cut | 33.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Packanack Lake by property type?
How the Packanack Lake, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $739,900 | $458/sq ft | 5 | 15 days |
Source: Redfin · Updated monthly
The Packanack Lake housing market is currently classified as a strong seller's market with a median sale price of $739,900. Prices have risen 17.4% compared to last year, with homes spending an average of 15 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Packanack Lake
There are currently 9 homes listed for sale in Packanack Lake, New Jersey. The median listing price is $849K.
Active listings
9
Homes on market
Median list price
$849K
Avg. days on market
15
Days until sale
New this week
7
Newly listed
Who lives in Packanack Lake?
Population
6,126
Median income
$196,343/yr
Median age
43.9 years
Owner-occupied
95.8%
College grads
66.0%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Packanack Lake?
Packanack Lake is a community of approximately 6K residents with a median age of 43.9 years.The median household income is $196,343, which reflects a relatively affluent area with strong earning potential. 66.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 95.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Packanack Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Packanack Lake, NJ?
Want a head-to-head view? Compare Packanack Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Packanack Lake?
The median home sale price in Packanack Lake is $739,900, up 17.4% from last year.
How long do homes stay on market in Packanack Lake?
Homes typically spend 15 days on market before going under contract.
What is the median income in Packanack Lake?
The median household income is $196,343 per year.
Is Packanack Lake a buyer's or seller's market?
With 1.8 months of supply, Packanack Lake is currently a strong seller's market.
How much does a single-family home cost in Packanack Lake?
The median single-family home price in Packanack Lake, NJ is $739,900 (about $458 per square foot).
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