Is Mount Freedom, NJ 07970 a buyer’s or seller’s market?
Mount Freedom is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Mount Freedom housing market right now
In the three months ending August 31, 2026, 50% of homes in Mount Freedom, NJ 07970 sold above their list price and the typical home went under contract in 23 days. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (20 days then) and the median sale price rose 182% to $1,565,323. Overall, Mount Freedom is less competitive than a year ago, which gives buyers more room.
Within Morris County, homes here sell more slowly than in 76% of the county’s ZIP codes, and sell less often over asking than in 91%.
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 07970
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 →Where Mount Freedom is
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Questions about Mount Freedom real estate
How fast do homes sell in Mount Freedom?
The typical home went under contract in 23 days in the latest three months.
Do homes in Mount Freedom sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 106.5% of the list price.
What are property taxes in Mount Freedom?
About 2.00% of a home’s value a year in Morris County, where towns range from 0.98% to 2.84%, or roughly $8,016 on a $400,000 home.
What is the median home price in Mount Freedom?
The median sale price was $1,565,323 in the three months ending August 31, 2026.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology