Is Mount Arlington, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Arlington is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Mount Arlington was a Seller's Market.

Key Takeaway

Mount Arlington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mount Arlington, NJ

How much do homes in Mount Arlington, NJ cost?

Median Sold Price

$450,000

-

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,500(+1.7%)

Key Takeaway

Homes in Mount Arlington have sold for 1.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $260.5K$285K
+9.4%
2 $399.9K$440K
+10.0%
3 $477.5K$529.9K
+11.0%
4 $560K$687.5K
+22.8%
5+ $637.5K-
N/A

Summary: Mount Arlington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ledgewood
+13.8%
Landing
+11.9%
Roxbury Township
+11.0%
Mount Arlington
+1.7%

Housing Supply in Mount Arlington, NJ

How many homes are available in Mount Arlington, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2026+30.0%

Summary: The Mount Arlington real estate market had 26 homes for sale in November 2024, a 30.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 69
+50.0%
3 79
+28.6%
4 23
+50.0%
5+ 44
0.0%

Summary: The Mount Arlington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Arlington, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Mount Arlington in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Mount Arlington, NJ

We’re sorry, we don't have information for this market at the moment

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

Report Updated 12 Days Ago

Newest Listings in Mount Arlington, NJ

Nearby Markets to Mount Arlington, NJ

What housing markets are near Mount Arlington, NJ?