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BOONTON, NJ 07005

Real Estate Market Report  ·  Morris County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BOONTON, NJ real estate market (07005) currently shows 29 active listings, with 15 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 37 days on market compared to 24 days last year.

The median listing price has fallen 7.8% year-over-year, from $870,000 to $801,750.

Whether you are buying or selling in BOONTON, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 15,106  ·  Density: 318.7/mi²  ·  Median household income: $120,783

Typical home value: $549,627  ·  Homeownership: 69.7%

Market Overview

Active Listings
29
⇩ 3.3% vs 30 last year
Pending
15
52% pending ratio
Median Price
$801,750
⇩ 7.8% vs $870,000 last year
Average Price
$1,009,522
⇩ 38.8% vs $1,648,869 last year
Days on Market
37
⇧ 54.2% vs 24 days last year

Price Per Square Foot

Median $/sqft
$403
⇧ 26.3% vs $319/sqft last year
Median Home Size
1,845 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 29 this year vs 30 last year
  • Days on market: 37 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $801,750 (-7.8% YoY)
  • Average: $1,009,522 (-38.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.6 miles — 208 listings ($158,815,337 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07005Boonton, NJ 070050.0 mi28$29,902,628$789,000$1,067,951
07045Montville, NJ 070453.0 mi13$12,653,550$724,450$973,350
07034Lake Hiawatha, NJ 070343.8 mi13$7,296,302$505,750$561,254
07405Butler, NJ 074054.5 mi34$36,722,958$722,250$1,080,087
07878Mount Tabor, NJ 078785.0 mi2$1,172,000$586,000$586,000
07058Pine Brook, NJ 070585.7 mi6$6,210,498$1,056,250$1,035,083
07444Pompton Plains, NJ 074446.4 mi14$8,323,224$419,925$594,516
07950Morris Plains, NJ 079506.6 mi33$18,920,814$618,700$573,358
07801Dover, NJ 078016.8 mi19$9,276,389$448,225$488,231
07981Whippany, NJ 079817.2 mi8$7,213,920$859,000$901,740
07403Bloomingdale, NJ 074037.8 mi17$9,133,284$489,675$537,252
07435Newfoundland, NJ 074358.1 mi2$3,044,000$1,522,000$1,522,000
07442Pompton Lakes, NJ 074428.6 mi19$8,945,770$474,500$470,830

Frequently Asked Questions

How many homes are for sale in BOONTON, NJ 07005?

As of March 2026, there are 29 active listings in BOONTON, NJ (zip code 07005), compared to 30 the prior year.

What is the median home price in BOONTON, NJ 07005?

The median listing price in BOONTON, NJ 07005 is $801,750 as of March 2026, a 7.8% decrease from $870,000 the prior year.

How long do homes stay on the market in BOONTON, NJ?

Homes in BOONTON, NJ 07005 spend an average of 37 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in BOONTON, NJ 07005?

Based on current inventory and days-on-market data as of March 2026, BOONTON, NJ 07005 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 37 days on market compared to 24 days last year.

How much can I save on real estate commission in BOONTON, NJ?

With SELL123.com's maximum 3% commission, sellers in BOONTON, NJ 07005 save an estimated $16,035 compared to a typical 5% commission on the median listing price of $801,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.