Is Montvale, NJ 07645 a buyer’s or seller’s market?
Montvale is a seller’s market. With about 2.9 months of supply and 68% 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.
#41 of 92 ZIP codes in Bergen, Hudson & Passaic, NJ, and #284 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 Montvale housing market right now
In the three months ending August 31, 2026, 68% of homes in Montvale, NJ 07645 sold above their list price, the typical home went under contract in 64 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 29 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 48%, homes sold about as fast and the median sale price fell 1% to $934,596. Overall, Montvale is more competitive than a year ago, so tougher for buyers.
Within Bergen County, homes here sell faster than in 66% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Montvale ranks #261 of 444 NJ ZIP codes with enough sales (score 73 out of 100).
Nearby, buyers who want less competition could look at Alpine 07620 (0% sold over asking) or Moonachie 07074 (0% sold over asking), while South Hackensack 07606 (100% sold over asking) and Waldwick 07463 (86% sold over asking) are even more competitive.
Run the numbers for 07645
Nearby markets
Allendale 07401Seller’s market $485 /sq ftAlpine 07620Buyer’s market $792 /sq ftBergenfield 07621Seller’s market $484 /sq ftBogota 07603Buyer’s market $391 /sq ft Browse all markets →Towns like Montvale nearby
Find towns like Montvale in other states →Where Montvale is
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Questions about Montvale real estate
Is Montvale a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Montvale, NJ 07645 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 Montvale?
The typical home went under contract in 64 days in the latest three months.
Do homes in Montvale sell over asking?
68% of homes sold above their original list price, and the typical sale closed at 103.1% of the list price.
What are property taxes in Montvale?
About 1.99% of a home’s value a year in Montvale Boro, Bergen County, or roughly $7,956 on a $400,000 home.
What is the median home price in Montvale?
The median sale price was $934,596 in the three months ending August 31, 2026, about $466 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology