Why Live in Wanaque
Wanaque, a suburb in Northern New Jersey, offers a rural landscape set along the Wanaque Reservoir and surrounded by scenic mountains. The area is known for its peaceful atmosphere, reflected in its name derived from the Lenni Lenape Native American word for rest and repose. Despite its rural setting, Wanaque is just 25 miles from Upper Manhattan, making it accessible for commuters. The neighborhood features mid-20th-century Cape Cod and colonial-style homes, often with driveways and some with detached garages, situated on smaller, well-kept lots. Safety is a notable aspect, with crime rates lower than the national average. Residents enjoy various attractions, including the 5,400-acre Norvin Green State Forest, Wanaque Ridge trail, and fishing at Ramapo and Rainbow Lakes. Back Beach Park provides sports fields, basketball courts, and playgrounds. Educational options include Wanaque Elementary and Lakeland Regional High, both highly rated with low student-to-teacher ratios. Lakeland Regional High offers a University Program for career exploration and college credit. Shopping and dining are concentrated along Ringwood Avenue, featuring local favorites like The Meating Place, The Lantern, and Pizza One. For transportation, residents primarily use cars, with access to Interstate 287 and a bus route to New York City from Ringwood Park and Ride, located 4 miles north.
Home Trends in Wanaque, NJ
On average, homes in Wanaque, NJ sell after 36 days on the market compared to the national average of 50 days. The median sale price for homes in Wanaque, NJ over the last 12 months is $480,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$480,000
Median Single Family Sale Price
$480,000
Median Townhouse Sale Price
$499,000
Median 2 Bedroom Sale Price
$465,000
Average Price Per Sq Ft
$264
Number of Homes for Sale
16
Last 12 months Home Sales
253
Median List Price
$475,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%