$10,000 Closing Credit*
$849,900
4 Beds
•2 Full Baths
Nancy Knox, Listing Office: Keller Williams Village Square Realty
Is Mahwah Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mahwah Township was a Seller's Market.
Key Takeaway
Mahwah Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mahwah Township, NJ
How much do homes in Mahwah Township, NJ cost?
Median Sold Price
$581,450
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$18,550(-3.1%)
Key Takeaway
Homes in Mahwah Township have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Mahwah Township was $581,450 in October 2024, down 3.1% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $312.5K | -0.8% |
| 2 Bedrooms | $460.5K | $485K | +5.3% |
| 3 Bedrooms | $665K | $715K | +7.5% |
| 4 Bedrooms | $900K | $972K | +8.0% |
| 5+ Bedrooms | $1.5M | $1.2M | -20.8% |
Summary: Mahwah Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 20.8%.
Housing Supply in Mahwah Township, NJ
How many homes are available in Mahwah Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 63 | +28.6% |
Summary: The Mahwah Township real estate market had 63 homes for sale in October 2024, a 28.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Mahwah Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
0 Homes Were 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 Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Mahwah Township in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mahwah Township, NJ
We’re sorry, we don't have information for this market at the moment
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