$4,394 Closing Credit*
$369,999
1 Bed
•1 Full Bath
Listing Office: KELLER WILLIAMS CITY VIEWS REALTY
Is Mahwah, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mahwah was a Seller's Market.
Key Takeaway
Mahwah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mahwah, NJ
How much do homes in Mahwah, NJ cost?
Median Sold Price
$584,900
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,100(-3.3%)
Key Takeaway
Homes in Mahwah have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Mahwah was $584,900 in November 2024, down 3.3% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | $325K | +11.1% |
| 2 Bedrooms | $452K | $485K | +7.3% |
| 3 Bedrooms | $685K | $725K | +5.8% |
| 4 Bedrooms | $900K | $972K | +8.0% |
| 5+ Bedrooms | $1.5M | $1.4M | -6.4% |
Summary: Mahwah housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Suffern | $488K | $621.6K | +27.4% |
| Mahwah | $605K | $584.9K | -3.3% |
| Mahwah Township | $605K | $584.9K | -3.3% |
Housing Supply in Mahwah, NJ
How many homes are available in Mahwah, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 59 | +25.5% |
Summary: The Mahwah real estate market had 59 homes for sale in November 2024, a 25.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 6 | +200.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Mahwah housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 30.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mahwah, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mahwah in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Mahwah, NJ
We’re sorry, we don't have information for this market at the moment
