$500,000
26.78 Acres
Land
Listing Office: RE/MAX COUNTRY REALTY
Is West Milford Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, West Milford Township has remained a Seller's Market.
Key Takeaway
West Milford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Milford Township, NJ
How much do homes in West Milford Township, NJ cost?
Median Sold Price
$430,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,000(+15.9%)
Key Takeaway
Homes in West Milford Township have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in West Milford Township was $430,000 in October 2024, up 15.9% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $280K | +34.9% |
| 2 Bedrooms | $285K | $340K | +19.3% |
| 3 Bedrooms | $415K | $450K | +8.4% |
| 4 Bedrooms | $537.5K | $587.5K | +9.3% |
| 5+ Bedrooms | $550K | $880K | +60.0% |
Summary: West Milford Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 60%.
Median Sold Price Compared To Nearby Cities
| Newfoundland | $467.5K | $824.5K | +76.4% |
| West Milford | $359.7K | $430K | +19.5% |
| West Milford Township | $371K | $430K | +15.9% |
| Jefferson Township | $416K | $465K | +11.8% |
| Kinnelon | $699K | $780K | +11.6% |
Housing Supply in West Milford Township, NJ
How many homes are available in West Milford Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 | 161 | +10.3% |
Summary: The West Milford Township real estate market had 161 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 44 | 56 | +27.3% |
| 3 Bedrooms | 58 | 63 | +8.6% |
| 4 Bedrooms | 33 | 32 | -3.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The West Milford Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 29 | +20.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Milford Township, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in West Milford Township in October 2024, up by 20.8% month-over-month. Of the 29 sold homes, 38% were sold under asking, 10% were sold at asking, and 52% were sold over asking.
Days on Market for West Milford Township, NJ
How long does it take to sell a home in West Milford Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 31 Days | +287.5% |
Summary: Homes in West Milford Township had an average of 31 days on market in Oct 2024, up by 287.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Milford Township has remained consistent over time.
Summary: During October 2024, 29 homes were sold in West Milford Township; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.