Montville Growth Surge: Housing Market Insights Revealed

Is your town breaking growth records?

Well, guess what—the Pascack Valley region is experiencing record-breaking year-over-year growth! Our growth percentages are soaring, far surpassing expectations.

On average, we typically see about 5% year-over-year growth, but right now, some towns are leading the way with even higher numbers. Woodcliff Lake is at the top with an impressive 9% growth, followed closely by Rivervale, Washington Township, Park Ridge, Montville, and Upper Saddle River.

📉 Months of Supply: Homes Are Selling Fast!

With this level of growth, it's no surprise that months of supply are at historic lows. This means that if no new homes hit the market, certain towns could run out of listings in less than two months!

Take Montville, for example. I haven’t seen inventory this low in a long time. If no new homes list in the next two weeks, Montville could have zero homes for sale! It’s a hotspot right now, attracting buyers who love its:

✅ Easy access to major highways

✅ Train station convenience

✅ Charming town center

✅ Great shopping & amenities

📊 Montville Market Insights

✔️ We are in a strong seller’s market with extremely low inventory.

✔️ Month-over-month, inventory has dropped by 26%—that’s huge!

✔️ The median home price has surged nearly 5% year-over-year and 2.2% just last month.

✔️ Montville’s median home price is now close to $1 million! 🚀