$7,124 Closing Credit*
$599,900
4 Beds
•2 Full Baths
Avner Zvulun, Listing Office: RE/MAX SELECT - Franklin Lakes
Is Midland Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Midland Park has remained a Seller's Market.
Key Takeaway
Midland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midland Park, NJ
How much do homes in Midland Park, NJ cost?
Median Sold Price
$712,500
-
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$71,500(+11.2%)
Key Takeaway
Homes in Midland Park have sold for 11.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | - | N/A |
| 3 Bedrooms | $505K | $650K | +28.7% |
| 4 Bedrooms | $665K | $865K | +30.1% |
| 5+ Bedrooms | $755K | $850K | +12.6% |
Summary: Midland Park housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Waldwick | $569.5K | $641.5K | +12.6% |
| Midland Park | $641K | $712.5K | +11.2% |
| Wyckoff | $910K | $955K | +4.9% |
| Wyckoff Township | $910K | $950K | +4.4% |
Housing Supply in Midland Park, NJ
How many homes are available in Midland Park, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Midland Park real estate market had 14 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Midland Park housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midland Park, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Midland Park in August 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Midland Park, NJ
We’re sorry, we don't have information for this market at the moment
