$8,894 Closing Credit*
$749,000
1,977 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: TERRIE O'CONNOR REALTORS
Is Mahwah, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$589,950
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$30,050(-4.8%)
Key Takeaway
Homes in Mahwah have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Mahwah was $589,950 in December 2024, down 4.8% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292K | $330K | +13.0% |
| 2 Bedrooms | $435K | $485K | +11.5% |
| 3 Bedrooms | $705K | $725K | +2.8% |
| 4 Bedrooms | $900K | $1.0M | +17.8% |
| 5+ Bedrooms | $1.4M | $1.6M | +11.5% |
Summary: Mahwah housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Suffern | $477.4K | $637.8K | +33.6% |
| Mahwah | $620K | $589.9K | -4.8% |
| Mahwah Township | $620K | $589.9K | -4.8% |
Housing Supply in Mahwah, NJ
How many homes are available in Mahwah, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 64 | 60 | -6.3% |
Summary: The Mahwah real estate market had 60 homes for sale in December 2024, a 6.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Mahwah housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mahwah, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mahwah in December 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% 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
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mahwah has remained consistent over time.
Summary: During December 2024, 7 homes were sold in Mahwah; 0% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.