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Featured local agent — Phillipsburg, NJ
Sarah Mitchell
Compass Real Estate · Phillipsburg, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Phillipsburg, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$260,000median sale price
How is the Phillipsburg, NJ housing market right now?
The median home sale price in Phillipsburg, NJ is $260,000, down 27.8% year-over-year. Homes sell in an average of 34 days with 56 active listings. The market is currently a leaning buyer's. (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 Phillipsburg a buyer's or seller's market?
Phillipsburg, NJ is currently a leaning buyer's, based on 5.1 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
34
Average pace
Active listings
56
5.1 months supply
Sale-to-list
99.5%
Below asking
What does the Phillipsburg housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $260,000 |
| Median list price | $324,450 |
| Year-over-year price change | -27.8% |
| Average days on market | 34 days |
| Active inventory | 56 listings |
| Months of supply | 5.1 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $225/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 26 |
| Listings with a price cut | 21.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Phillipsburg by property type?
How the Phillipsburg, 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 | $260,000 | $225/sq ft | 11 | 34 days |
| Townhouse | $145,000 | $98/sq ft | 1 | 106 days |
Source: Redfin · Updated monthly
The Phillipsburg housing market is currently classified as a leaning buyer's with a median sale price of $260,000. Prices have fallen 27.8% compared to last year, with homes spending an average of 34 days on market, indicating 5.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Phillipsburg
There are currently 56 homes listed for sale in Phillipsburg, New Jersey. The median listing price is $324K.
Active listings
56
Homes on market
Median list price
$324K
Avg. days on market
34
Days until sale
New this week
26
Newly listed
Who lives in Phillipsburg?
Population
15,251
Median income
$67,782/yr
Median age
41.6 years
Owner-occupied
58.8%
College grads
22.1%
Avg commute
28.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Phillipsburg?
Zillow home value
$345,949
Zillow rent index
$2,000/mo
Price-to-rent ratio
14.4x
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Phillipsburg?
Phillipsburg is a community of approximately 15K residents with a median age of 41.6 years.The median household income is $67,782, which represents a working-class community with solid middle-income opportunities. 22.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.8%, showing a blend of owner and renter-occupied properties. The average commute time is 28.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Phillipsburg offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Phillipsburg?
9 schools tracked · 5,103 students
The largest public schools serving Phillipsburg, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Phillipsburg High School
Grades 9-12 · 1,799 students
Phillipsburg Middle School
Grades 6-8 · 633 students
Phillipsburg Elementary School
Grades 3-5 · 586 students
Phillipsburg Early Childhood Learning Center
Grades PK-1 · 470 students
Philipsburg Primary School
Grades K-2 · 397 students
Lopatcong Elementary School
Grades PK-4 · 374 students
Lopatcong Township Middle School
Grades 5-8 · 348 students
Pohatcong Township School
Grades PK-8 · 312 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Phillipsburg, NJ?
Want a head-to-head view? Compare Phillipsburg side-by-side with any other U.S. city using our market-comparison tool.
Is Phillipsburg a good real estate investment market?
For investors evaluating Phillipsburg, the price-to-rent ratio of 14.4x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 27.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Phillipsburg's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Phillipsburg's median home price.
Frequently asked questions
What is the average home price in Phillipsburg?
The median home sale price in Phillipsburg is $260,000, down 27.8% from last year.
How long do homes stay on market in Phillipsburg?
Homes typically spend 34 days on market before going under contract.
What is the median income in Phillipsburg?
The median household income is $67,782 per year.
Is Phillipsburg a buyer's or seller's market?
With 5.1 months of supply, Phillipsburg is currently a leaning buyer's.
What is the Zillow home value estimate for Phillipsburg?
The Zillow Home Value Index (ZHVI) for Phillipsburg is $345,949, representing the typical home value in the area.
How much does a single-family home cost in Phillipsburg?
The median single-family home price in Phillipsburg, NJ is $260,000 (about $225 per square foot).
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