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Featured local agent — Sunset Lake, NJ
Sarah Mitchell
Compass Real Estate · Sunset Lake, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Sunset Lake, NJ Housing Market
The last median sale price Redfin published was $500,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 86 days, Sunset Lake is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $500,000 home is about $2,669/mo in principal and interest.
Key numbers for Sunset Lake, NJ
Median sale price
$500,000
Last published period
Redfin, through March 2026
Days on market
86
Slow-moving
Redfin, through March 2026
Active listings
1
1.0 months of supply
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$53,663
Home costs 9.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
87.7%
Selling below asking
Redfin, through March 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Sunset Lake a buyer's or seller's market?
Sunset Lake, NJ is a balanced market, based on 1.0 months of supply and homes selling in about 86 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Sunset Lake housing market data show?
Every row below is Redfin's final published month for Sunset Lake, NJ. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $500,000 |
| Median list price | $219,999 |
| Median price per sq ft | $283/sq ft |
| Median days on market | 86 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 87.7% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Sunset Lake is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Sunset Lake is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Sunset Lake home prices moved?
Across the 28 months we hold for Sunset Lake, NJ, the median sale price rose 109.6%, from $238,500 in May 2021 to $500,000. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 87.7%. Watch those two together — they move before the median does.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Sunset Lake?
Priced off the median sale price of $500,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $100,000 | $400,000 | $2,669/mo |
| 5% | $25,000 | $475,000 | $3,170/mo |
Redfin, through March 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,669, that implies roughly $114,397 a year before you add taxes and insurance. The median household in Sunset Lake earns $53,663, about $60,734 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 9.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Sunset Lake in the next 12 months?
Tell us your timeline. We send the Sunset Lake market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Sunset Lake?
Zillow does not publish a rent index (ZORI) for Sunset Lake, NJ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Sunset Lake?
Active listings in Sunset Lake, NJ went from 1 in July 2022 to 1 in March 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| November 2022 | 1 | not published |
| February 2023 | 1 | 1 |
| July 2023 | 2 | 1 |
| December 2023 | 4 | not published |
| February 2024 | 6 | not published |
| March 2024 | 6 | 1 |
| June 2024 | 2 | not published |
| July 2025 | 2 | 1 |
| October 2025 | 1 | 1 |
| January 2026 | 1 | not published |
| February 2026 | 1 | not published |
| March 2026 | 1 | 1 |
Redfin, through March 2026
How does Sunset Lake compare to New Jersey and the U.S.?
Sunset Lake homes sell for $500,000 — 14% below the New Jersey median of $579,900. Against the national median of $410,700, Sunset Lake runs 22% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Sunset Lake, NJ | $500,000 | not published | 86 days |
| New Jersey statewide | $579,900 | +3.7% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Sunset Lake
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $500 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $500,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Sunset Lake listing goes under contract in 86 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 87.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Sunset Lake added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Sunset Lake varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Sunset Lake
There are currently 1 homes listed for sale in Sunset Lake, New Jersey. The median listing price is $220K.
Active listings
1
Homes on market
Median list price
$220K
Avg. days on market
86
Days until sale
New this week
1
Newly listed
How much do homes cost in Sunset Lake by property type?
How the Sunset Lake, NJ market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $500,000 | $283/sq ft | 1 | 86 days |
Who lives in Sunset Lake?
American Community Survey estimates for Sunset Lake. U.S. Census ACS, 2023
Population
1,341
Households
313
Median income
$53,663/yr
Median age
30.7 years
Owner-occupied
63.6%
Median home value
$539,200
Mean commute
10 min
63.6% of occupied homes in Sunset Lake are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Sunset Lake, NJ?
Ordered by distance from Sunset Lake, not by size. Compare Sunset Lake side by side with any of them.
Sunset Lake housing market FAQ
Is Sunset Lake a buyer's or seller's market?
Sunset Lake, NJ is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 86 days, and sellers getting 87.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Sunset Lake?
The median sale price in the last month Redfin published was $500,000, about $283 per square foot.
Is Sunset Lake cheaper than the rest of New Jersey?
Sunset Lake's median sale price of $500,000 is 14% lower than the New Jersey statewide median of $579,900, and 22% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Sunset Lake?
Homes in Sunset Lake, NJ spent a median of 86 days on market before going under contract, versus 35 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Sunset Lake?
At the current 30-year fixed rate of 7.03%, 20% down on a $500,000 home is about $2,669 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $114,397 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $53,663.
Are home prices rising in Sunset Lake?
We do not hold a complete 12-month value series for Sunset Lake, NJ yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Sunset Lake?
Sunset Lake ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Sunset Lake?
That depends on your timeline, not on a headline. What the data says today: Sunset Lake, NJ is a balanced market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $500,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.