Why Live in Packanack Lake
Packanack Lake in Wayne, New Jersey, offers a mix of home styles, including Cape Cods, hi-ranches, Colonial Revivals, and a few Tudors, with some original log cabins still present. The neighborhood is known for its scenic lake, featuring two beaches, East Beach and West Beach, where residents enjoy swimming, kayaking, boating, and fishing. A 3-mile path around the lake is popular for walking and running, and new fiberglass bridges at the lake's northern end are favored spots for photos. The Packanack Golf Club and Tennis Club provide additional recreational opportunities, while Kilroy Field hosts various sports activities. The area has a low crime risk compared to the national average. Dining options include Lakeside Restaurant and Bar, Blossom Asian Bistro, and Lee’s Sushi, with Packanack Bakery being a local favorite for crumb cakes. Shopping is convenient with businesses along U.S. Route 202 and Hamburg Turnpike, and Willowbrook Mall is just 5 miles away. The community is active, with events like Packanack Day in June featuring fireworks and food trucks. The Wayne Valley Public School District is highly rated, with Packanack Elementary School, George Washington Middle School, and Wayne Valley High School all earning high marks. The neighborhood is well-connected, with U.S. Route 202 providing access to Interstate 80 and U.S. Route 46, and New York City is 22 miles away.
Home Trends in Packanack Lake, NJ
On average, homes in Packanack Lake, Wayne sell after 66 days on the market compared to the national average of 70 days. The median sale price for homes in Packanack Lake, Wayne over the last 12 months is $489,000, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$489,000
Median Single Family Sale Price
$647,900
Median 2 Bedroom Sale Price
$247,850
Average Price Per Sq Ft
$216
Number of Homes for Sale
4
Last 12 months Home Sales
49
Median List Price
$558,735
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%
