$3,600,000
5 Beds
•7 Full Baths, 3 Partial
Danielle Fiorina, Listing Office: Century 21 Crest Real Estate
Is Montville, 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, Montville was a Seller's Market.
Key Takeaway
Montville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Montville, NJ
How much do homes in Montville, NJ cost?
Median Sold Price
$775,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$135,000(+21.1%)
Key Takeaway
Homes in Montville have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Montville was $775,000 in November 2024, up 21.1% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.5K | $322.5K | +4.9% |
| 2 Bedrooms | $530K | $605K | +14.2% |
| 3 Bedrooms | $630K | $674.1K | +7.0% |
| 4 Bedrooms | $868.7K | $947.5K | +9.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +19.8% |
Summary: Montville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Lake Hiawatha | $380.5K | $507.5K | +33.4% |
| Montville | $640K | $775K | +21.1% |
| Montville Township | $699K | $821K | +17.5% |
| Boonton | $615K | $653K | +6.2% |
| Towaco | $750K | $795K | +6.0% |
Housing Supply in Montville, NJ
How many homes are available in Montville, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Montville real estate market had 42 homes for sale in November 2024, a 5.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Montville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montville, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Montville in November 2024, down by 40.0% 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 Montville, NJ
We’re sorry, we don't have information for this market at the moment
