Why Live in Budd Lake
Budd Lake, located in the heart of Mount Olive Township, is a unique gem among New Jersey's natural wonders. As the largest naturally formed lake in the state, Budd Lake offers pristine waters and an unspoiled shoreline, providing a tranquil escape for residents and visitors. Outdoor activities such as fishing, boating, and hiking are popular, with anglers targeting species like largemouth bass, pickerel, and sunfish. The community, home to over 10,000 residents, has a charming suburban feel and is favored by families and young professionals for its excellent public schools and proximity to New York City. The local real estate market features a mix of summer homes converted into full-time residences, including colonials, Cape Cods, ranch-style houses, and luxurious mansions. Budd Lake Beach Park is a hub for boating and water sports, while Turkey Brook Park offers soccer fields, baseball, softball, football, tennis, volleyball, basketball courts, and walking trails. The Pax Amicus Castle Theatre nearby stages Broadway and off-Broadway revivals, including performances like Peter Pan. Dining options include the Budd Lake Diner, West Lake Take Out, and BJ's Sandwich Shop. The Mount Olive Township School District boasts three highly rated schools: Mount Olive High School, Mount Olive Middle School, and Chester M. Stephens School. Budd Lake is safer than the national average, and commuting is convenient with major highways and nearby transit stations. Newark Liberty International Airport is approximately 45 miles away, and JFK Airport is about 70 miles from Morris County.
Home Trends in Budd Lake, NJ
On average, homes in Budd Lake, NJ sell after 27 days on the market compared to the national average of 50 days. The median sale price for homes in Budd Lake, NJ over the last 12 months is $580,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$580,000
Median Single Family Sale Price
$577,500
Median Townhouse Sale Price
$600,000
Average Price Per Sq Ft
$359
Number of Homes for Sale
8
Last 12 months Home Sales
55
Median List Price
$580,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
