Is Mahwah Township, 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 Township has remained a Seller's Market.
Key Takeaway
Mahwah Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mahwah Township, NJ
How much do homes in Mahwah Township, 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 Township have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Mahwah Township 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 Township 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%.
Housing Supply in Mahwah Township, NJ
How many homes are available in Mahwah Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 48 | +54.8% |
Summary: The Mahwah Township 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 Township 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 Township, 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 Township 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 Township, NJ
How long does it take to sell a home in Mahwah Township, 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Mahwah Township; 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.
