Is Stanhope, NJ 07874 a buyer’s or seller’s market?

The Stanhope housing market right now

In the three months ending August 31, 2026, 69% of homes in Stanhope, NJ 07874 sold above their list price, the typical home went under contract in 21 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 30 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 76%, homes sold more slowly (19 days then) and the median sale price rose 2% to $509,779. Overall, Stanhope is less competitive than a year ago, which gives buyers more room.

Within Sussex County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 94%. On our competition score, Stanhope ranks #157 of 444 NJ ZIP codes with enough sales (score 84 out of 100).

Nearby, buyers who want less competition could look at Augusta 07822 (0% sold over asking) or Vernon 07462 (30% sold over asking), while Andover 07821 (71% sold over asking) is even more competitive.