Is Mahwah, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mahwah was a Seller's Market.
Housing Prices in Mahwah, NJ
How much do homes in Mahwah, NJ cost?
Median Sold Price
$640,000
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mahwah was $640,000 in May 2024, up 18.5% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $283.5K | -17.8% |
2 Bedrooms | $417.5K | $485K | +16.2% |
3 Bedrooms | $592K | $735K | +24.2% |
4 Bedrooms | $875K | $961K | +9.8% |
5+ Bedrooms | $1.1M | $1.3M | +16.3% |
Summary: Mahwah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
Mahwah | $540K | $640K | +18.5% |
Mahwah Township | $540K | $640K | +18.5% |
Suffern | $495.5K | $553K | +11.6% |
Ramsey | $610K | $670K | +9.8% |
Housing Supply in Mahwah, NJ
How many homes are available in Mahwah, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 60 | +87.5% |
Summary: The Mahwah real estate market had 60 homes for sale in May 2024, a 87.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 3 | 14 | +366.7% |
4 Bedrooms | 6 | 12 | +100.0% |
5+ Bedrooms | 3 | 10 | +233.3% |
Summary: The Mahwah housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 366.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 233.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mahwah in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Mahwah; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.