$9,797 Closing Credit*
$825,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: C-21 CHRISTEL REALTY
Is Mount Arlington, 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, Mount Arlington was a Seller's Market.
Key Takeaway
Mount Arlington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Arlington, NJ
How much do homes in Mount Arlington, NJ cost?
Median Sold Price
$450,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+3.4%)
Key Takeaway
Homes in Mount Arlington have sold for 3.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $275K | +3.8% |
| 2 Bedrooms | $377.5K | $425K | +12.6% |
| 3 Bedrooms | $470K | $544.9K | +15.9% |
| 4 Bedrooms | $505K | $760K | +50.5% |
| 5+ Bedrooms | $637.5K | - | N/A |
Summary: Mount Arlington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 50.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ledgewood | $389.5K | $456.2K | +17.1% |
| Landing | $420.5K | $470K | +11.8% |
| Roxbury Township | $476K | $530K | +11.3% |
| Kenvil | $455K | $475K | +4.4% |
| Mount Arlington | $435K | $450K | +3.4% |
Housing Supply in Mount Arlington, NJ
How many homes are available in Mount Arlington, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Summary: The Mount Arlington real estate market had 21 homes for sale in October 2024, a 40.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Mount Arlington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Arlington, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Mount Arlington in October 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mount Arlington, NJ
We’re sorry, we don't have information for this market at the moment
