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SHORT HILLS, NJ 07078

Real Estate Market Report  ·  Essex County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The SHORT HILLS, NJ real estate market (07078) currently shows 32 active listings, with 7 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 50 days on market compared to 27 days last year.

The median listing price has risen 3.6% year-over-year, from $3,578,250 to $3,706,250.

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Market Context

Market Context

Population: 14,287  ·  Density: 690.3/mi²  ·  Median household income: $250,001

Typical home value: $1,573,540  ·  Homeownership: 87.1%

Market Overview

Active Listings
32
⇩ 15.8% vs 38 last year
Pending
7
22% pending ratio
Median Price
$3,706,250
⇧ 3.6% vs $3,578,250 last year
Average Price
$3,636,044
⇧ 5.4% vs $3,450,487 last year
Days on Market
50
⇧ 85.2% vs 27 days last year

Price Per Square Foot

Median $/sqft
$570
⇧ 7.5% vs $530/sqft last year
Median Home Size
8,050 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 32 this year vs 38 last year
  • Days on market: 50 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $3,706,250 (+3.6% YoY)
  • Average: $3,636,044 (+5.4% 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 6.2 miles — 399 listings ($455,103,737 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07078Short Hills, NJ 070780.0 mi32$119,679,584$3,837,500$3,739,987
07901Summit, NJ 079012.8 mi28$45,032,848$1,431,250$1,608,316
07081Springfield, NJ 070812.9 mi24$13,936,152$652,200$580,673
07040Maplewood, NJ 070403.0 mi31$18,743,964$498,950$604,644
07932Florham Park, NJ 079324.2 mi16$28,143,552$1,873,500$1,758,972
07092Mountainside, NJ 070924.5 mi11$12,723,337$1,075,500$1,156,667
07052West Orange, NJ 070524.7 mi103$78,403,600$634,750$761,200
07940Madison, NJ 079404.9 mi21$50,763,027$2,347,500$2,417,287
07106Newark, NJ 071065.1 mi32$16,111,936$458,438$503,498
07050Orange, NJ 070505.2 mi35$17,685,920$490,200$505,312
07936East Hanover, NJ 079365.7 mi19$17,915,917$925,000$942,943
07016Cranford, NJ 070166.0 mi27$25,139,700$777,000$931,100
07204Roselle Park, NJ 072046.2 mi20$10,824,200$524,225$541,210

Frequently Asked Questions

How many homes are for sale in SHORT HILLS, NJ 07078?

As of September 2026, there are 32 active listings in SHORT HILLS, NJ (zip code 07078), compared to 38 the prior year.

What is the median home price in SHORT HILLS, NJ 07078?

The median listing price in SHORT HILLS, NJ 07078 is $3,706,250 as of September 2026, a 3.6% increase from $3,578,250 the prior year.

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

Homes in SHORT HILLS, NJ 07078 spend an average of 50 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in SHORT HILLS, NJ 07078?

Based on current inventory and days-on-market data as of September 2026, SHORT HILLS, NJ 07078 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 50 days on market compared to 27 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SHORT HILLS, NJ 07078 save an estimated $74,125 compared to a typical 5% commission on the median listing price of $3,706,250. 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.