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Featured local agent — Montvale, NJ
Sarah Mitchell
Compass Real Estate · Montvale, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Montvale, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$989,000median sale price
How is the Montvale, NJ housing market right now?
The median home sale price in Montvale, NJ is $989,000, up 11.1% year-over-year. Homes sell in an average of 73 days with 23 active listings. The market is currently a leaning buyer's. (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 Montvale a buyer's or seller's market?
Montvale, NJ is currently a leaning buyer's, based on 7.7 months of supply and homes selling in about 73 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
73
Average pace
Active listings
23
7.7 months supply
Sale-to-list
109.5%
Above asking
What does the Montvale housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $989,000 |
| Median list price | $1.29M |
| Year-over-year price change | +11.1% |
| Average days on market | 73 days |
| Active inventory | 23 listings |
| Months of supply | 7.7 months |
| Sale-to-list price ratio | 109.5% |
| Median price per sq ft | $380/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 13 |
| Listings with a price cut | 8.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Montvale by property type?
How the Montvale, 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 | $1.13M | $380/sq ft | 2 | 69 days |
| Condo / Co-op | $912,000 | — | 1 | 50 days |
| Townhouse | $680,000 | — | 1 | 109 days |
Source: Redfin · Updated monthly
The Montvale housing market is currently classified as a leaning buyer's with a median sale price of $989,000. Prices have risen 11.1% compared to last year, with homes spending an average of 73 days on market, indicating 7.7 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 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Montvale
There are currently 23 homes listed for sale in Montvale, New Jersey. The median listing price is $1.3M.
Active listings
23
Homes on market
Median list price
$1.3M
Avg. days on market
73
Days until sale
New this week
13
Newly listed
Who lives in Montvale?
Population
8,625
Median income
$183,664/yr
Median age
40.7 years
Owner-occupied
84.1%
College grads
56.8%
Avg commute
31.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Montvale?
Zillow home value
$941,510
Zillow rent index
$4,257/mo
Price-to-rent ratio
18.4x
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Montvale?
Montvale is a community of approximately 9K residents with a median age of 40.7 years.The median household income is $183,664, which reflects a relatively affluent area with strong earning potential. 56.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Montvale offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Montvale?
3 schools tracked · 1,742 students
The largest public schools serving Montvale, 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.
Pascack Hills High School
Grades 9-12 · 767 students
Memorial Elementary School
Grades PK-4 · 525 students
Fieldstone Middle School
Grades 5-8 · 450 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 Montvale, NJ?
Want a head-to-head view? Compare Montvale side-by-side with any other U.S. city using our market-comparison tool.
Is Montvale a good real estate investment market?
For investors evaluating Montvale, the price-to-rent ratio of 18.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 11.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Montvale's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Montvale's median home price.
Frequently asked questions
What is the average home price in Montvale?
The median home sale price in Montvale is $989,000, up 11.1% from last year.
How long do homes stay on market in Montvale?
Homes typically spend 73 days on market before going under contract.
What is the median income in Montvale?
The median household income is $183,664 per year.
Is Montvale a buyer's or seller's market?
With 7.7 months of supply, Montvale is currently a leaning buyer's.
What is the Zillow home value estimate for Montvale?
The Zillow Home Value Index (ZHVI) for Montvale is $941,510, representing the typical home value in the area.
What is the median condo price in Montvale?
The median condo/co-op sale price in Montvale, NJ is $912,000, compared to $1.13M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Montvale?
The median single-family home price in Montvale, NJ is $1.13M (about $380 per square foot).
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