Is Montville, NJ 07045 a buyer’s or seller’s market?
Montville is a seller’s market. With about 1 months of supply and 80% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
#17 of 112 ZIP codes in Essex, Morris, Union, Sussex & Hunterdon, NJ, and #33 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The Montville housing market right now
In the three months ending August 31, 2026, 80% of homes in Montville, NJ 07045 sold above their list price, the typical home went under contract in 21 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 45 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 84%, homes sold faster (38 days then) and the median sale price rose 6% to $902,110. Overall, Montville is about as competitive as it was a year ago.
Within Morris County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 83%. On our competition score, Montville ranks #24 of 444 NJ ZIP codes with enough sales (score 96 out of 100).
Nearby, buyers who want less competition could look at Hibernia 07842 (0% sold over asking) or New Vernon 07976 (20% sold over asking), while Kenvil 07847 (100% sold over asking) and Mount Tabor 07878 (100% sold over asking) are even more competitive.
Run the numbers for 07045
Nearby markets
Boonton 07005Seller’s market $365 /sq ftBudd Lake 07828Seller’s market $325 /sq ftButler 07405Seller’s market $342 /sq ftCedar Knolls 07927Seller’s market $392 /sq ft Browse all markets →Towns like Montville nearby
Find towns like Montville in other states →Where Montville is
Loading map…
Questions about Montville real estate
Is Montville a buyer’s or seller’s market?
A seller’s market: there was 1 months of supply in Montville, NJ 07045 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Montville?
The typical home went under contract in 21 days in the latest three months.
Do homes in Montville sell over asking?
80% of homes sold above their original list price, and the typical sale closed at 106.2% of the list price.
What are property taxes in Montville?
About 1.93% of a home’s value a year in Montville Twp, Morris County, or roughly $7,708 on a $400,000 home.
What is the median home price in Montville?
The median sale price was $902,110 in the three months ending August 31, 2026, about $358 per square foot.
Local agents
See all agents in 07045 →No sponsored agents in 07045 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 07045
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology