Is Montville Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Montville Township was a Seller's Market.
Housing Prices in Montville Township, NJ
How much do homes in Montville Township, NJ cost?
Median Sold Price
$710,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Montville Township was $710,000 in February 2024, up 1.6% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $320.5K | +8.6% |
2 Bedrooms | $505.2K | $550K | +8.9% |
3 Bedrooms | $625K | $630K | +0.8% |
4 Bedrooms | $767.7K | $815.5K | +6.2% |
5+ Bedrooms | $1.0M | $1.1M | +5.7% |
Summary: Montville Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Pine Brook | $698K | $750K | +7.4% |
Lake Hiawatha | $392.5K | $415K | +5.7% |
Montville Township | $698.5K | $710K | +1.6% |
Fairfield Township | $635K | $625K | -1.6% |
Montville | $690K | $675K | -2.2% |
Housing Supply in Montville Township, NJ
How many homes are available in Montville Township, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Summary: The Montville Township real estate market had 48 homes for sale in February 2024, a 4.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Montville Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 7 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Montville Township in February 2024, down by 50.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% 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