$7,361 Closing Credit*
$619,900
3 Beds
•1 Full Bath
Colin Somerville, Listing Office: RE/MAX Properties-Saddle River
Is Montvale, 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, Montvale was a Neutral Market.
Key Takeaway
Montvale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Montvale, NJ
How much do homes in Montvale, NJ cost?
Median Sold Price
$767,000
-
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$112,000(+17.1%)
Key Takeaway
Homes in Montvale have sold for 17.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $492.5K | $581K | +18.0% |
| 3 Bedrooms | $655K | $767K | +17.1% |
| 4 Bedrooms | $944.1K | $685K | -27.4% |
| 5+ Bedrooms | - | $1.6M | N/A |
Summary: Montvale housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 27.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Montvale | $655K | $767K | +17.1% |
| Chestnut Ridge | $735K | $845K | +15.0% |
| Pearl River | $562.5K | $630K | +12.0% |
Housing Supply in Montvale, NJ
How many homes are available in Montvale, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Summary: The Montvale real estate market had 17 homes for sale in September 2024, a 54.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Montvale housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Montvale, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Montvale in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Montvale, NJ
We’re sorry, we don't have information for this market at the moment
