Mountain Lakes, NJ housing market
The typical Mountain Lakes home is worth about $1,219,000, up 6.9% in a year, 110% above the New Jersey typical home. Homes typically sell in 20 days, a little above asking.
Home values, sales, trends and how Mountain Lakes compares with the towns next door — updated as new data is published.
Mountain Lakes at a glance
A seller's market
Supply is tight — about 2.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Mountain Lakes | New Jersey |
|---|---|---|
| 2017 | $806,000 | $317,000 |
| 2018 | $825,000 | $330,000 |
| 2019 | $825,000 | $343,000 |
| 2020 | $796,000 | $358,000 |
| 2021 | $830,000 | $394,000 |
| 2022 | $900,000 | $441,000 |
| 2023 | $961,000 | $471,000 |
| 2024 | $1,028,000 | $511,000 |
| 2025 | $1,106,000 | $551,000 |
| 2026 | $1,177,000 | $568,000 |
| August 2026 | $1,219,000 | $580,000 |
Mountain Lakes and its neighbors
4.9 years of income
The typical Mountain Lakes home costs about 4.9 years of the town's median household income, less than across New Jersey (5.6 years).
How Mountain Lakes ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.