Housing Prices in Mountain Lakes, NJ
How much do homes in Mountain Lakes, NJ cost?
Median List Price
$1,100,000
$440/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Mountain Lakes has increased by 19.7% since last year.
Summary: The median home list price in Mountain Lakes was $1,100,000 in April 2024, up 19.7% from the previous year, and the median price per square foot was $440.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $524.4K | $589K | +12.3% |
| 3 Bedrooms | $699K | $825K | +18.0% |
| 4 Bedrooms | $889K | $1.0M | +16.4% |
| 5+ Bedrooms | $1.2M | $1.3M | +8.0% |
Summary: Mountain Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 8%.
Median List Price Compared To Nearby Cities
| Mountain Lakes | $919K | $1.1M | +19.7% |
| Parsippany-Troy Hills Township | $528.5K | $569K | +7.7% |
| Parsippany | $559K | $600K | +7.3% |
| Denville | $515K | $540K | +4.9% |
| Boonton | $599K | $617.5K | +3.1% |
Housing Supply in Mountain Lakes, NJ
How many homes are available in Mountain Lakes, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 25 | +108.3% |
Summary: The Mountain Lakes real estate market had 25 homes for sale in April 2024, a 108.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 6 | 16 | +166.7% |
Summary: The Mountain Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 166.7%.
Days on Market for Mountain Lakes, NJ
How long does it take to sell a home in Mountain Lakes, NJ?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 130 Days | 53 Days | -59.2% |
Summary: Homes in Mountain Lakes had an average listing age of 53 days in Apr 2024, down by 59.2% compared to the previous year.
