$3,600,000
5 Beds
•7 Full Baths, 3 Partial
Danielle Fiorina, Listing Office: Century 21 Crest Real Estate
Is Montville Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Montville Township has remained a Seller's Market.
Key Takeaway
Montville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montville Township, NJ
How much do homes in Montville Township, NJ cost?
Median Sold Price
$821,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$122,000(+17.5%)
Key Takeaway
Homes in Montville Township have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Montville Township was $821,000 in November 2024, up 17.5% 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 | $295K | $322K | +9.2% |
| 2 Bedrooms | $529K | $595K | +12.5% |
| 3 Bedrooms | $631K | $670.6K | +6.3% |
| 4 Bedrooms | $817.5K | $887.5K | +8.6% |
| 5+ Bedrooms | $1.0M | $1.2M | +20.1% |
Summary: Montville Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Cities
| Lake Hiawatha | $380.5K | $507.5K | +33.4% |
| Montville | $640K | $775K | +21.1% |
| Pine Brook | $747.5K | $890K | +19.1% |
| Montville Township | $699K | $821K | +17.5% |
| Fairfield Township | $625K | $720K | +15.2% |
Housing Supply in Montville Township, NJ
How many homes are available in Montville Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 73 | +5.8% |
Summary: The Montville Township real estate market had 73 homes for sale in November 2024, a 5.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Montville Township 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 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montville Township, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Montville Township in November 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Montville Township, NJ
We’re sorry, we don't have information for this market at the moment
