Housing in Mountain Lakes, NJ

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$844,999

Median List Price

$1,119,500

Price Per Sq Ft

$372

Days on Market

127

Active Inventory

3

Months of Supply

1.5

Seller's market

Zillow Home Value

$1,161,670

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 60.5%List Price ↓ 17.6%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

50.0%

Off Market in 2 Weeks

0.0%

Sale-to-List Ratio

99.9%

Buyer's market

Sold Above Asking
50.0%
Under Contract in 2 Wks
0.0%

Market Activity

Source: Redfin

Homes Sold

2

New Listings

2

Pending Sales

1

Homes Sold ↑ 100.0%New Listings ↓ 71.4%Pending ↓ 75.0%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$372

Median List $/SF

$318

Sale $/SF ↓ 27.3%List $/SF ↓ 24.1%Mar 24 → Jan 26

Mountain Lakes vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Mountain Lakes is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$915,100

Median Rent

$2,941

Total Housing Units

1,451

Vacancy Rate

2.3%

Owner Occupied

97.1%

Renter Occupied

2.9%

Median Property Tax

$10,001

per year

Monthly Cost (w/ Mortgage)

$4,001

Housing Types

Single Family
99.3%
Multi-Family
0.7%
Mobile Home
0.0%

The current median sale price in Mountain Lakes, NJ is $844,999 according to Redfin data. Homes spend a median of 127 days on the market. 50.0% of homes sold above asking price. The market has 1.5 months of supply. The median price per square foot is $372. The median rent is $2,941 per month (Census ACS). About 97.1% of housing units are owner-occupied. The median year homes were built is 1948. There are 1,451 total housing units.