Is Montville Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Montville Township was a Seller's Market.
Key Takeaway
Montville Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in Montville Township, NJ cost?
Median Sold Price
$827,000
-
Based on all homes sold in February 2023.
Difference Since Last Month
+$102,000(+14.1%)
Key Takeaway
Homes in Montville Township have sold for 14.1% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $469K | - | N/A |
| 3 Bedrooms | $515K | $675K | +31.1% |
| 4 Bedrooms | $887.5K | $839K | -5.5% |
| 5+ Bedrooms | $690K | $897.5K | +30.1% |
How many homes are available in Montville Township, NJ?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 43 | 51 | +18.6% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Montville Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Information deemed reliable but not guaranteed. Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved. 
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