Is Montague, NJ 07827 a buyer’s or seller’s market?

The Montague housing market right now

In the three months ending August 31, 2026, 43% of homes in Montague, NJ 07827 sold above their list price, the typical home went under contract in 29 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 14 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 57%, homes sold faster (47 days then) and the median sale price fell 4% to $334,855. Overall, Montague is less competitive than a year ago, which gives buyers more room.

Within Sussex County, homes here sell more slowly than in 56% of the county’s ZIP codes, and sell less often over asking than in 72%.

Nearby, buyers who want less competition could look at Augusta 07822 (0% sold over asking) or Vernon 07462 (30% sold over asking), while Andover 07821 (71% sold over asking) and Stanhope 07874 (69% sold over asking) are even more competitive.