$5,344 Closing Credit*
$450,000
2 Beds
•2 Full Baths
Nekije Rizvani, Listing Office: Keller Williams Village Square Realty - Wyckoff
Is Mahwah Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Mahwah Township was a Neutral Market.
Key Takeaway
Mahwah Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mahwah Township, NJ
How much do homes in Mahwah Township, NJ cost?
Median Sold Price
$584,900
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$100(0%)
Key Takeaway
The sold price of homes in Mahwah Township has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $325K | +3.2% |
| 2 Bedrooms | $475K | $481.2K | +1.3% |
| 3 Bedrooms | $637.5K | $702.5K | +10.2% |
| 4 Bedrooms | $900K | $972K | +8.0% |
| 5+ Bedrooms | $1.3M | $1.6M | +19.6% |
Summary: Mahwah Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Allendale | $950K | $1.1M | +25.5% |
| Mahwah Township | $585K | $584.9K | 0% |
| Mahwah | $585K | $584.9K | 0% |
Housing Supply in Mahwah Township, NJ
How many homes are available in Mahwah Township, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 56 | 72 | +28.6% |
Summary: The Mahwah Township real estate market had 72 homes for sale in September 2024, a 28.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 13 | 20 | +53.8% |
Summary: The Mahwah Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 53.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mahwah Township, you could pay more than the asking price. 90% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Mahwah Township in September 2024, down by 16.7% month-over-month. Of the 10 sold homes, 0% were sold under asking, 10% were sold at asking, and 90% were sold over asking.
Days on Market for Mahwah Township, NJ
We’re sorry, we don't have information for this market at the moment
