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Montville, NJ: January 2024 Market Update

January 2024 Montville Market Update If you’re thinking about selling your home, it's important to have a good understanding...

Tracy Warsaw

February 14th, 2024

3 min read

January 2024 Montville Market Update

If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the Montville market.

Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home.

Our January market report showcases everything you need to know about local real estate trends.

$801,629

Average Sales Price

1

Month Supply

54

Average Days on Market

Homes Sold

100.1%

Sale-to-List Price

13

New Listings

17

Active Listings

17

Under Contract

14

Closed Sales

🏡 Don't Wait Until Spring to List Your Home! Here's Why:

Thinking about waiting until spring to list your home? Think again! You might be missing out on a golden opportunity. Here's the scoop:

In Montville right now, there are only 17 active homes listed for sale – 2 townhomes and 15 single-family homes. What's even more eye-opening? Just 6 of these homes are priced under $1.1 million!

But that's not all. This year, there have been 17 closings so far, with the average sale price hitting $804,000. Compare that to last year's average of $755,000 during the same period – talk about growth!

Here's where it gets really interesting: there are currently 17 homes under contract, with an average list price of $1.14 million. This is way above the typical average sales price in Montville, which was $762,000 in 2023.

And let's talk about prices– last year's most expensive home sold for $1,600,000. But guess what? In 2024, there are already 4 homes pending with list prices even higher than that!

Prices are skyrocketing, and you might be sitting on a goldmine without even realizing it. So, if you're curious about the value of your home, don't rely on online tools – they might be underestimating by a long shot. We're talking about selling homes for $100,000 or more above estimated values!

So, what's the takeaway? If you've got a house to sell, don't wait until spring. Take the first step and give us a call for a consultation today. Don't miss out on this red-hot market – your dream deal could be just a phone call away! 📞

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About the author

Tracy Warsaw

(973) 722-8801

Tracy Warsaw has become a trusted name in the Montville, NJ and the surrounding areas of Morris, Essex, and Passaic counties. She is dedicated to facilitating the purchase and sale of properties with a client-first approach. Her engaging demeanor and commitment to service excellence have consistently placed her among the top real estate professionals in the area. Tracy's positive outlook, clear communication, and ambition to surpass client expectations mark her as a preferred agent. Known for her diligent work ethic, Tracy provides a stress-free experience for her clients, ensuring they proceed with confidence. Her decisive, analytical mindset and formidable negotiation skills mean that she's always ready to address any questions or obstacles that arise during the real estate process. While Tracy's professional accolades speak to her success, her life outside the office is equally rich, filled with family, fitness, and travel. A Montville local, she embodies the community spirit, enjoying outdoor activities, engaging with social media, indulging in the local culinary scene, and savoring life's finer moments. Tracy's unwavering dedication to achieving your real estate ambitions, combined with her extensive market insight and experience, makes her a reliable partner for all your property needs in Northern NJ.