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How’s the Real Estate Market
in Mountainside?
July, 2014
If you're planning on
buying or selling a home
in Mountainside,
the first step is to
learn about the
Mountainside real estate
market conditions.
Inventory
There are
currently 34
homes
offered for
sale in
Mountainside
and they
range in price
from
$319,000 to
$2,000,000.
0
10
20
30
40
50
60
70
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Homes
Active and Sold Listings - Mountainside, NJ
0
10
20
30
40
50
60
70
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Homes
Active and Sold Listings - Mountainside, NJ
Inventory
12 month avg= 38
July 2014 = 45
July 2013 = 50
July 2012 = 55
July ‘12
July ‘13
July ‘14
12 month avg
0
10
20
30
40
50
60
70
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Homes
Active and Sold Listings - Mountainside, NJ
Inventory
12 month avg= 38
July 2014 = 45
July 2013 = 50
July 2012 = 55
July ‘12
July ‘13
July ‘14
12 month avg* Lower supply
often results in
increased prices.
Prices
The average
selling price of
a home in
Mountainside
in July was
$651,263.
0
100000
200000
300000
400000
500000
600000
700000
800000
900000
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Average Sale Price and List Price - Mountainside, NJ
0
100000
200000
300000
400000
500000
600000
700000
800000
900000
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Average Sale Price and List Price - Mountainside, NJ
Prices
12 month avg = $586,582
July 2014 = $ 651,263
July 2013 = $602,182
July 2012 = $532,500
July ‘12
July ‘13
July ‘14
0
100000
200000
300000
400000
500000
600000
700000
800000
900000
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Average Sale Price and List Price - Mountainside, NJ
Prices
12 month avg = $586,582
July 2014 = $ 651,263
July 2013 = $602,182
July 2012 = $532,500
July ‘12
July ‘13
July ‘14
*Prices are up
from last year.
Days on Market
The average sold
home in
Mountainside
in July was sold
after 154 days. 0
50
100
150
200
250
300
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Average Days on Market - Mountainside
0
50
100
150
200
250
300
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Average Days on Market - Mountainside
Days on Market
12 month avg = 72
July 2014 = 154
July 2013 = 48
July 2012 = 57 July ‘12 July ‘13
July ‘14
0
50
100
150
200
250
300
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Average Days on Market - Mountainside
Days on Market
12 month avg = 72
July 2014 = 154
July 2013 = 48
July 2012 = 57 July ‘12 July ‘13
July ‘14
Much slower sales this summer
than we typically see. Is this
due to the low inventory?
Perhaps buyers aren’t finding
what they want and looking
elsewhere.
What does this mean to you?
Prices are up, inventory is down, but homes are
selling slowly.
If you’re planning to BUY a home, this might be
a great time to get a deal!
If you’re planning to SELL a home, you need to
make sure your home is in top showing
condition and that it’s priced right so that it
stands up to the competition!
Mountainside Real Estate Market Report - July 2014

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Mountainside Real Estate Market Report - July 2014