Photo: Jerrye & Roy Klotz, MD · CC BY-SA 3.052 homes sold in Mountain Lakes in the last year, at a typical $1.2M
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Mountain Lakes homes are listed.
Every place Mountain Lakes homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Mountain Lakes.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Mountain Lakes’ sales, at a typical $1.2M (year to May 2026)
52 homes sold in the year to September 2026.
typical sale · 56 sold in the year to May 2026
- Per square foot
- $432NJ $331
- Days to sell
- 29
- Sold over asking
- 61%
- Listings with a price cut
- 18%
Fewer homes sell than before 2022, at 1.5 times the 2016 price
52 sales in the last year, against 103 in 2021 and a low of 46 in 2024. The typical sale went from $790K in 2016 to $1.2M.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $1.2M buys in Mountain Lakes
Check a listing against what Mountain Lakes homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Mountain Lakes are more common than before the pandemic, but 83% fewer homes come up for sale
We read every month of Mountain Lakes’ home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 52 sales.
If you’re buying in Mountain Lakes
- Shop in March. It brings about 13 new listings a month, close to the busiest month, with fewer bidding wars (10% over asking).
- Expect to bid over asking. Buyers paid 103.9% of the list price on average; 53% paid over.
- You’ll usually have time. Only 19% of homes go under contract within two weeks; the typical one takes 29 days.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 14 a month), but June is the most competitive: 39% of June sales close over asking. March offers nearly as much choice with fewer homes bid up (10%). March has the least competition (10%).
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than New Jersey
| Mountain Lakes now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 53% | 9% | 38% | 44% |
| Gone within two weeksShare of homes under contract within 14 days | 19% | 1% | 6% | 30% |
| Price paid vs. askingAverage sale price ÷ list price | 103.9% | 96% | 100.2% | 100.9% |
| Days to sellMedian days from listing to contract | 29 | 124 | 106 | 46 |
10 homes for sale on a typical day
That’s 1.8 times the 2023 low (5), 83% fewer than in 2017–19 and well under 2019’s 67.
Source: Redfin Data Center, city figures, January 2016 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 1.
Best time to buySchools
The schools grade for Mountain Lakes, from test results, graduation and how much students grow.
Schools in Mountain LakesTypical commute
The average one-way trip to work for people who live in Mountain Lakes.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Mount Tabor, Parsippany, Boonton, Lake Hiawatha, Troy Hills and Morris Plains sell for less a square foot
The busier markets within 25 miles of Mountain Lakes, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Parsippany | 104 | $716K | $369 | 54% | 29 |
| Morris Plains | 102 | $729K | $406 | 61% | 24 |
| Boonton | 81 | $680K | $356 | 64% | 27 |
| Lake Hiawatha | 76 | $537K | $384 | 60% | 26 |
| Mountain Lakes | 52 | $1.2M | $424 | 53% | 29 |
| Troy Hills | 42 | $843K | $379 | 66% | 30 |
| Mount Tabor | 20 | $562K | $381 | 88% | 17 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Mountain Lakes, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Mountain Lakes. People who follow the town see it, and so do people comparing Mountain Lakes with their own town. No commission, no listing fee.
Questions about buying a home in Mountain Lakes
What do homes sell for in Mountain Lakes, NJ?
52 homes sold in the year to September 2026 at a typical $1.2M, $424 a square foot.
Is Mountain Lakes a buyer’s or seller’s market?
A seller’s market: 11 homes were for sale in September 2026 and 7 sold, about 1.4 months of supply. Buyers paid 103.9% of asking on average.
When is the best time to buy in Mountain Lakes?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Mountain Lakes?
Zillow, Redfin, Realtor.com and Homes.com all carry Mountain Lakes’ MLS listings; the search links above open each one filtered to Mountain Lakes.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).