Why Live in Mountain Lakes
Mountain Lakes, NJ, is a picturesque borough located 20 miles northwest of Newark and approximately 30 miles from Manhattan. Known for its storybook charm, the area features homes nestled on the mountainside, surrounded by lush greenery and dense canopies. The community is characterized by its unique Arts and Crafts architecture, blending styles such as Tudor, prairie, Colonial, and Dutch Revival. Despite high demand and limited inventory, these homes often sell above asking prices. The borough boasts eight tranquil lakes, offering activities like fishing, canoeing, kayaking, and ice skating, with two lakes featuring lifeguarded beaches and amenities. The local parks and lakes are central to community life, hosting events like the Trout Derby and Fourth of July celebrations. Dining options include the chrome-adorned Paul’s Family Diner, while grocery needs are met by nearby Whole Foods Market and Farmers Market Denville. Education is a highlight, with highly rated schools such as Wildwood Elementary School, Briarcliff Middle School, and Mountain Lakes High School, which offers over 50 clubs. While the area is safer than the national average, flash flood hazards pose a risk, particularly in the southern part of the borough. Residents benefit from proximity to New York City and the Jersey Shore, with convenient NJ Transit options available for commuting.
Home Trends in Mountain Lakes, NJ
On average, homes in Mountain Lakes, NJ sell after 31 days on the market compared to the national average of 51 days. The median sale price for homes in Mountain Lakes, NJ over the last 12 months is $1,138,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$1,138,000
Median Single Family Sale Price
$1,215,000
Median Townhouse Sale Price
$912,500
Average Price Per Sq Ft
$459
Number of Homes for Sale
9
Last 12 months Home Sales
52
Median List Price
$1,175,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%