Photo: Mr. Matté (if there is an issue with this image, contact me using this image's Commons talk page, my Commons user talk page, or my English Wikipedia user talk page; I'll know about it a lot faster) · CC BY-SA 4.053 homes sold in Prospect Park in the last year, at a typical $539K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Prospect Park homes are listed.
Every place Prospect Park homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Prospect Park.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 57% of Prospect Park’s sales, at a typical $485K
53 homes sold in the year to May 2026.
typical sale · 30 sold in 12 months
- Per square foot
- $283NJ $331
- Days to sell
- 61
- Sold over asking
- 57%
- Listings with a price cut
- 27%
Multi-family (2–4 units): 20 sold, typical $648K
Condos: 3 sold, typical $460K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 2.3 times the 2016 price
53 sales in the last year, against 102 in 2017 and a low of 47 in 2023. The typical sale went from $239K in 2016 to $539K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $550K buys in Prospect Park
Check a listing against what Prospect Park homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Prospect Park are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of Prospect Park’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 53 sales.
If you’re buying in Prospect Park
- Shop in May. It brings about 11 new listings a month, close to the busiest month, with fewer bidding wars (41% over asking).
- Some room to negotiate. 16% of listings cut their price, about as many as before the pandemic.
- Expect to bid over asking. Buyers paid 102.4% of the list price on average; 68% paid over.
- You’ll usually have time. Only 37% of homes go under contract within two weeks; the typical one takes 51 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 11 a month), but June is the most competitive: 53% of June sales close over asking. December has the least competition (37%) but only about 5 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than New Jersey
| Prospect Park now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 68% | 34% | 50% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 37% | 11% | 23% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 13% | 14% | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 102.4% | 99.3% | 102.2% | 101.2% |
| Days to sellMedian days from listing to contract | 51 | 116 | 86 | 45 |
14 homes for sale on a typical day
That’s 1.4 times the 2024 low (10), 65% fewer than in 2017–19 and well under 2017’s 48.
1 in 6 listings has cut its price
16% in the last year, against 13% in 2017–19 and 17% across New Jersey.
Source: Redfin Data Center, city market tracker, January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 5.
Best time to buySchools
The schools grade for Prospect Park, from test results, graduation and how much students grow.
Schools in Prospect ParkTypical commute
The average one-way trip to work for people who live in Prospect Park.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Hawthorne, Preakness and Glen Rock for far more
The busier markets within 25 miles of Prospect Park, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Paterson | 582 | $562K | $291 | 57% | 69 |
| Preakness | 170 | $633K | $376 | 64% | 59 |
| Hawthorne | 154 | $634K | $378 | 79% | 57 |
| Glen Rock | 120 | $1.2M | $555 | 70% | 63 |
| North Haledon | 73 | $769K | $362 | 53% | 73 |
| Prospect Park | 53 | $539K | $291 | 68% | 51 |
| Haledon | 53 | $599K | $360 | 77% | 60 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Prospect Park, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Prospect Park. People who follow the town see it, and so do people comparing Prospect Park with their own town. No commission, no listing fee.
Questions about buying a home in Prospect Park
What do homes sell for in Prospect Park, NJ?
53 homes sold in the year to May 2026 at a typical $539K, $291 a square foot.
Is Prospect Park a buyer’s or seller’s market?
A seller’s market: 10 homes were for sale in May 2026 and 4 sold, about 2.5 months of supply. Buyers paid 102.4% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Prospect Park?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Prospect Park?
Zillow, Redfin, Realtor.com and Homes.com all carry Prospect Park’s MLS listings; the search links above open each one filtered to Prospect Park.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).