Photo: Zeete · CC BY-SA 4.072 homes sold in Stanhope in the last year, at a typical $396K
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 Stanhope homes are listed.
Every place Stanhope 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 Stanhope.
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 93% of Stanhope’s sales, at a typical $394K
72 homes sold in the year to May 2026.
typical sale · 67 sold in 12 months
- Per square foot
- $308NJ $331
- Days to sell
- 21
- Sold over asking
- 76%
- Listings with a price cut
- 17%
Multi-family (2–4 units): 2 sold, typical $612K
Townhouses: 1 sold, typical $285K
Condos: 2 sold, typical $333K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.3 times the 2016 price
72 sales in the last year, against 96 in 2021 and a low of 54 in 2024. The typical sale went from $176K in 2016 to $396K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Stanhope
Check a listing against what Stanhope 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 Stanhope are more common than before the pandemic, but three quarters fewer homes come up for sale
We read every month of Stanhope’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, 72 sales.
If you’re buying in Stanhope
- Shop in October. It brings about 8 new listings a month, close to the busiest month, with fewer bidding wars (36% over asking).
- Less room to haggle. Only 12% of listings cut their price, against 18% before the pandemic.
- Expect to bid over asking. Buyers paid 104.2% of the list price on average; 74% paid over.
- You’ll usually have time. Only 38% of homes go under contract within two weeks; the typical one takes 24 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 9 a month), and the most competition: 55% close over asking. October offers nearly as much choice with fewer homes bid up (36%). January has the least competition (33%) but only about 5 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than New Jersey
| Stanhope now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 74% | 22% | 57% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 38% | 1% | 2% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 12% | 18% | 10% | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 104.2% | 97.5% | 102.1% | 101.2% |
| Days to sellMedian days from listing to contract | 24 | 103 | 75 | 45 |
8 homes for sale on a typical day
That’s 1.7 times the 2024 low (5), 75% fewer than in 2017–19 and well under 2018’s 37.
1 in 8 listings has cut its price
12% in the last year, against 18% in 2017–19 and 17% across New Jersey.
Stanhope ranks 18th of 299 busy New Jersey markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Stanhope is one of the state’s hottest markets.
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.
Owning the typical Stanhope home costs about $2,925 a month
Price: Stanhope’s typical sale, last 12 months. Property tax at Stanhope’s 2.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Stanhope is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 3.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $396K home, about $10,310 a year.
Taxes vs. neighborsSchools
The schools grade for Stanhope, from test results, graduation and how much students grow.
Schools in StanhopeTypical commute
The average one-way trip to work for people who live in Stanhope.
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.
Byram Center sells for less a square foot; Landing for far more
The busier markets within 25 miles of Stanhope, 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 | |
|---|---|---|---|---|---|
| Hopatcong | 219 | $456K | $366 | 66% | 32 |
| Mount Arlington | 118 | $494K | $314 | 56% | 30 |
| Budd Lake | 90 | $646K | $316 | 70% | 30 |
| Stanhope | 72 | $396K | $302 | 74% | 24 |
| Ledgewood | 57 | $562K | $308 | 68% | 23 |
| Landing | 56 | $541K | $380 | 75% | 32 |
| Byram Center | 21 | $532K | $289 | 90% | 34 |
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 Stanhope, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Stanhope. People who follow the town see it, and so do people comparing Stanhope with their own town. No commission, no listing fee.
Questions about buying a home in Stanhope
What do homes sell for in Stanhope, NJ?
72 homes sold in the year to May 2026 at a typical $396K, $302 a square foot.
Is Stanhope a buyer’s or seller’s market?
A seller’s market: 9 homes were for sale in May 2026 and 9 sold, about 1 months of supply. Buyers paid 104.2% of asking on average, and 12% of listings cut their price.
When is the best time to buy in Stanhope?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Stanhope?
About 2.6% of a home’s value a year. On a $396K home that’s near $10,310.
Where can I see homes for sale in Stanhope?
Zillow, Redfin, Realtor.com and Homes.com all carry Stanhope’s MLS listings; the search links above open each one filtered to Stanhope.
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).