Is Mahwah, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mahwah is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mahwah was a Seller's Market.

Key Takeaway

Mahwah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mahwah, NJ

How much do homes in Mahwah, NJ cost?

Median Sold Price

$581,450

$402/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$18,550(-3.1%)

Key Takeaway

Homes in Mahwah have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in Mahwah was $581,450 in October 2024, down 3.1% from last year, and the median price per square foot was $402.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $315K$312.5K
-0.8%
2 $460.5K$485K
+5.3%
3 $665K$715K
+7.5%
4 $900K$972K
+8.0%
5+ $1.5M$1.2M
-20.8%

Summary: Mahwah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 20.8%.

Median Sold Price Compared To Nearby Cities

Suffern
+23.1%
Ramsey
+2.8%
Mahwah
-3.1%
Mahwah Township
-3.1%

Housing Supply in Mahwah, NJ

How many homes are available in Mahwah, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4963+28.6%

Summary: The Mahwah real estate market had 63 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 14
+300.0%
2 1113
+18.2%
3 813
+62.5%
4 1819
+5.6%
5+ 1114
+27.3%

Summary: The Mahwah housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mahwah, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Mahwah in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Mahwah, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Mahwah, NJ

Nearby Markets to Mahwah, NJ

What housing markets are near Mahwah, NJ?