Montague Township Housing Market Report January 2025•Sussex County, New Jersey

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Housing Prices in Montague Township, NJ

How much do homes in Montague Township, NJ cost?

Housing Market Conditions

Is Montague Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Montague Township is a Seller's Market

Difference Since January 2024

Since last year, Montague Township has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$420,000$201/SqFt
+$112,500
+36.6%

Based on all homes sold in the last 12 months

Insight

Homes in Montague Township have sold for 36.6% more than they did a year ago.

Summary: The median home sold price in Montague Township was $420,000 in January 2025, up 36.6% from last year, and the median price per square foot was $201.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Montague
+36.6%
Montague Township
+36.6%
Milford
+16.4%
Milford Township
+16.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$96.8K$72.9K
-24.7%
2$194.8K$434.9K
+123.2%
3$330K$400K
+21.2%
4$416.6K$437.2K
+5.0%
5$182K$538K
+195.6%

Summary: Montague Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -24.7%. The home price for 2 bedroom homes increased by +123.2%. The home price for 3 bedroom homes increased by +21.2%. The home price for 4 bedroom homes increased by +5.0%. The home price for 5 bedroom homes increased by +195.6%.

Housing supply in Montague Township, NJ

How many homes are available in Montague Township, NJ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
24Last MonthJan 2025
232 months agoDec 2024
+4.3 %
Change MoMDec – Jan

Summary: The Montague Township real estate market had 24 homes for sale in Jan 2025, a 4.3 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthJan 2025
82 months agoDec 2024
-37.5 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
134
+33.3%
445
+25.0%
500
0.0%
287
-12.5%
388
0.0%

Summary: Montague Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -12.5%. The inventory for 3 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Montague Township, NJ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Montague Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Montague Township in January 2025, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and and 20% were sold over asking.

Days on Market for Montague Township, NJ

How long does it take to sell a home in Montague Township, NJ?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days3 Homes

Insight

Most homes in Montague Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 5 homes were sold in Montague Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
840 DaysThis YearJan 2025
93 Days1 year agoJan 2024
+798.4 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Montague Township had an average listing age of 840 days in Jan 2025, up by 798.4% compared to the previous year.

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Newest Listings in Montague Township, NJ

What homes are available in Montague Township, NJ?

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MLS Disclaimers and Copyright

Based on information from Garden State MLS, OneKey MLS, New Jersey MLS, and Pike/Wayne Association of Realtors MLS for the period 02/01/2023 - 02/01/2025

Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 9:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDXThe 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.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/21/2025, 9:11:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 9:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Pike Wayne Association of REALTORS MLS. Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 9:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.