Is Mahwah, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mahwah has remained a Seller's Market.
Key Takeaway
Mahwah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mahwah, NJ
How much do homes in Mahwah, NJ cost?
Median Sold Price
$665,000
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mahwah have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Mahwah was $665,000 in April 2024, up 23.1% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347.5K | $282K | -18.8% |
| 2 Bedrooms | $415K | $482K | +16.1% |
| 3 Bedrooms | $587.5K | $729K | +24.1% |
| 4 Bedrooms | $892.5K | $950K | +6.4% |
| 5+ Bedrooms | $1.2M | $1.3M | +8.3% |
Summary: Mahwah housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Mahwah | $540K | $665K | +23.1% |
| Mahwah Township | $540K | $665K | +23.1% |
| Allendale | $920K | $1.0M | +12.2% |
| Suffern | $494.1K | $542K | +9.7% |
| Ramsey | $615K | $670K | +8.9% |
Housing Supply in Mahwah, NJ
How many homes are available in Mahwah, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 48 | +54.8% |
Summary: The Mahwah real estate market had 48 homes for sale in April 2024, a 54.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 1 | 6 | +500.0% |
| 4 Bedrooms | 3 | 9 | +200.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Mahwah housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 500%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mahwah, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Mahwah in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Mahwah, NJ
How long does it take to sell a home in Mahwah, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mahwah are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Mahwah; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
