Is Montville Township, NJ a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Montville Township is a neutral'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



Based on all homes sold in February 2023.

Difference Since Last Month


Key Takeaway

Homes in Montville Township have sold for 14.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJan 2023Feb 2023%
1 --
2 $469K-
3 $515K$675K
4 $887.5K$839K
5+ $690K$897.5K

How many homes are available in Montville Township, NJ?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 13
2 66
3 813
4 1413
5+ 1416

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Montville Township, NJ

Number of homes for sale in Montville Township, NJ real estate market have reached 51. The number of homes for sale in Montville Township, NJ increased by 18.6% between January 2023 and February 2023. Between February 2022 and February 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties increased by 31.1%, prices of 4 bedrooms properties decreased by 5.5%, 5 bedrooms properties became 30.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 200%, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went up by 62.5%, 4 bedrooms homes became 7.1% less available, the quantity of 5 bedrooms homes went up by 14.3%. In February 2023 more than 1 listings in Montville Township, NJ were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 5 were sold below.

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