$10,000 Closing Credit*
$2,199,000
6 Beds
•5 Full Baths, 1 Partial
Listing Office: PREMIUMONE REALTY
Is Montville Township, 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, Montville Township has remained a Seller's Market.
Key Takeaway
Montville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montville Township, NJ
How much do homes in Montville Township, NJ cost?
Median Sold Price
$814,500
-
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$125,500(+18.2%)
Key Takeaway
Homes in Montville Township have sold for 18.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $325K | +10.2% |
| 2 Bedrooms | $516.5K | $550K | +6.5% |
| 3 Bedrooms | $608.5K | $670K | +10.1% |
| 4 Bedrooms | $755K | $934K | +23.7% |
| 5+ Bedrooms | $1.0M | $1.1M | +8.4% |
Summary: Montville Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Lake Hiawatha | $375K | $468.2K | +24.9% |
| Pine Brook | $742.5K | $902.5K | +21.5% |
| Montville Township | $689K | $814.5K | +18.2% |
| Montville | $694.5K | $760K | +9.4% |
| Fairfield Township | $657.5K | $710K | +8.0% |
Housing Supply in Montville Township, NJ
How many homes are available in Montville Township, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 86 | 84 | -2.3% |
Summary: The Montville Township real estate market had 84 homes for sale in August 2024, a 2.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The Montville Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montville Township, you could pay more than the asking price. 89.5% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Montville Township in August 2024, down by 9.5% month-over-month. Of the 19 sold homes, 5% were sold under asking, 5% were sold at asking, and 89% were sold over asking.
Days on Market for Montville Township, NJ
We’re sorry, we don't have information for this market at the moment
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