All Home Types
Packanack Lake, NJ Housing Market
What is the housing market like in Packanack Lake today?
In October 2024, Packanack Lake home prices were up 46.2% compared to last year, selling for a median price of $790K. On average, homes in Packanack Lake sell after 17 days on the market compared to 17 days last year. There were 8 homes sold in October this year, up from 4 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$790,000
+46.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Packanack Lake, NJ
$790,000
+46.2%
United States
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Packanack Lake Migration & Relocation Trends
In Sep '24 - Nov '24, 29% of Packanack Lake homebuyers searched to move out of Packanack Lake, while 71% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Packanack Lake from outside metros.
- San Francisco homebuyers searched to move into Packanack Lake more than any other metro followed by Seattle and Gainesville.
Where are people moving to Packanack Lake from?
- 71% of Packanack Lake homebuyers searched to stay within the Packanack Lake metropolitan area.
- Miami was the most popular destination among Packanack Lake homebuyers followed by Boston and Philadelphia.
Where are people from Packanack Lake moving to?
Number of People Moving to Packanack Lake
least
most
People are moving to Packanack Lake from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 179 | ||
| 2 | 44 | ||
| 3 | 35 | ||
| 4 | 10 | ||
| 5 | 8 | ||
| 6 | 4 | ||
| 7 | 4 | ||
| 8 | 3 | ||
| 9 | 3 | ||
| 10 | 3 | ||
People are leaving Packanack Lake for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 4,605 | ||
| 2 | 4,152 | ||
| 3 | 4,074 | ||
| 4 | 2,027 | ||
| 5 | 2,017 | ||
| 6 | 1,999 | ||
| 7 | 1,885 | ||
| 8 | 1,678 | ||
| 9 | 1,287 | ||
| 10 | 1,265 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Packanack Lake.
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