Mountainside, NJ, is a beautiful borough in northwestern Union County and is home to nearly 6700 people. New Jersey Monthly magazine ranked Mountainside as its 16th best place to live in its 2008 rankings of the "Best Places To Live" in New Jersey, as well as eighth in the 2010 list.
In Mountainside, there were 48 homes offered for sale in July which is 13% fewer homes that were on the market at this time last year. Of them, 11 were sold which is the highest number of sold homes that Mountainside has seen since June of 2012.
Homes in Mountainside that sold in July were sold after 35 days on the market. This is faster than most of the past 19 months of sales.
Real Estate Professionals judge the strength of a real estate market based upon the Months of Supply in the area. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past. In Mountainside, there is roughly the same number of sellers as there are buyers, resulting in a "normal market."
The average sale price in Mountainside in July was $602,182, 31% higher than in June and 13% higher than July of 2012.
If you're interested in purchasing a home in Mountainside or the surrounding area, please see a complete list of homes at www.WayneZuhl.com. If you're planning to sell your Mountainside home, please call us at 908-917-4189 for a free comparative market analysis of your home.
For more information on Mountainside Real Estate:
How does the Months Inventory in Mountainside affect Sellers? - 07/01/13
Mountainside Real Estate Market Report - April, 2013 - 05/27/13
Mountainside Real Estate Market Report - January-March, 2013 - 04/13/13
How long will my Union County home be on the market? - 02/24/13
Mountainside Real Estate - 2012 in Review - 01/08/13
68 Homes Sold in Mountainside so far this year - 07/10/12
Mountainside, NJ Housing Market Trends - 03/18/12
Comments(4)