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Featured local agent — Budd Lake, NJ
Sarah Mitchell
Compass Real Estate · Budd Lake, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Budd Lake, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$460,000median sale price
How is the Budd Lake, NJ housing market right now?
The median home sale price in Budd Lake, NJ is $460,000, down 21.6% year-over-year. Homes sell in an average of 15 days with 18 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Budd Lake a buyer's or seller's market?
Budd Lake, NJ is currently a balanced market, based on 9.0 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
15
Fast-moving
Active listings
18
9.0 months supply
Sale-to-list
103.4%
Above asking
What does the Budd Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $460,000 |
| Median list price | $768,750 |
| Year-over-year price change | -21.6% |
| Average days on market | 15 days |
| Active inventory | 18 listings |
| Months of supply | 9.0 months |
| Sale-to-list price ratio | 103.4% |
| Median price per sq ft | $380/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 12 |
| Listings with a price cut | 5.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Budd Lake by property type?
How the Budd Lake, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $460,000 | $380/sq ft | 2 | 15 days |
| Townhouse | $549,500 | — | 1 | 35 days |
Source: Redfin · Updated monthly
The Budd Lake housing market is currently classified as a balanced market with a median sale price of $460,000. Prices have fallen 21.6% compared to last year, with homes spending an average of 15 days on market, indicating 9.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Budd Lake
There are currently 18 homes listed for sale in Budd Lake, New Jersey. The median listing price is $769K.
Active listings
18
Homes on market
Median list price
$769K
Avg. days on market
15
Days until sale
New this week
12
Newly listed
Who lives in Budd Lake?
Population
10,106
Median income
$113,036/yr
Median age
36.9 years
Owner-occupied
73.9%
College grads
47.9%
Avg commute
32 min
Source: U.S. Census Bureau ACS
What are homes worth in Budd Lake?
Zillow home value
$548,002
Zillow rent index
$2,324/mo
Price-to-rent ratio
19.6x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Budd Lake?
Budd Lake is a community of approximately 10K residents with a median age of 36.9 years.The median household income is $113,036, which reflects a relatively affluent area with strong earning potential. 47.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 73.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 32 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Budd Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Budd Lake?
3 schools tracked · 2,274 students
The largest public schools serving Budd Lake, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mount Olive Middle School
Grades 6-8 · 1,124 students
Chester M. Stephens Elementary School
Grades K-5 · 713 students
Sandshore Rd. Elementary School
Grades K-5 · 437 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Budd Lake, NJ?
Want a head-to-head view? Compare Budd Lake side-by-side with any other U.S. city using our market-comparison tool.
Is Budd Lake a good real estate investment market?
For investors evaluating Budd Lake, the price-to-rent ratio of 19.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 21.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Budd Lake's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Budd Lake's median home price.
Frequently asked questions
What is the average home price in Budd Lake?
The median home sale price in Budd Lake is $460,000, down 21.6% from last year.
How long do homes stay on market in Budd Lake?
Homes typically spend 15 days on market before going under contract.
What is the median income in Budd Lake?
The median household income is $113,036 per year.
Is Budd Lake a buyer's or seller's market?
With 9.0 months of supply, Budd Lake is currently a balanced market.
What is the Zillow home value estimate for Budd Lake?
The Zillow Home Value Index (ZHVI) for Budd Lake is $548,002, representing the typical home value in the area.
How much does a single-family home cost in Budd Lake?
The median single-family home price in Budd Lake, NJ is $460,000 (about $380 per square foot).
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