Is Midland Park, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midland Park is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Midland Park has remained a Seller's Market.

Key Takeaway

Midland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Midland Park, NJ

How much do homes in Midland Park, NJ cost?

Median Sold Price

$1,035,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$390,000(+60.5%)

Key Takeaway

Homes in Midland Park have sold for 60.5% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $645K-
N/A
4 -$1.0M
N/A
5+ --
N/A

Summary: Midland Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Midland Park, NJ

How many homes are available in Midland Park, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The Midland Park real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 52
-60.0%
4 25
+150.0%
5+ 22
0.0%

Summary: The Midland Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midland Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Midland Park in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Midland Park, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Midland Park, NJ

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