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SHORT HILLS, NJ 07078

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

Market Overview

Active Listings
26
⇧ 13% vs 23 last year
Pending
8
31% pending ratio
Median Price
$3,988,000
⇧ 8.6% vs $3,672,000 last year
Average Price
$3,933,143
⇧ 12.3% vs $3,501,846 last year
Days on Market
80
⇩ 11.1% vs 90 days last year

Market Context

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

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

Market Analysis

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

The SHORT HILLS, NJ real estate market (07078) currently shows 26 active listings, with 8 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 80 days on market compared to 90 days last year.

The median listing price has risen 8.6% year-over-year, from $3,672,000 to $3,988,000.

Whether you are buying or selling in SHORT HILLS, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 26 this year vs 23 last year
  • Days on market: 80 now vs 90 last year

Median & Average Pricing

Year over Year
  • Median: $3,988,000 (+8.6% YoY)
  • Average: $3,933,143 (+12.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.2 miles — 356 listings ($395,253,078 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07078Short Hills, NJ 070780.0 mi26$102,261,718$3,988,000$3,933,143
07901Summit, NJ 079012.8 mi19$34,791,185$1,300,000$1,831,115
07081Springfield, NJ 070812.9 mi26$15,034,578$599,000$578,253
07040Maplewood, NJ 070403.0 mi29$21,809,189$649,500$752,041
07932Florham Park, NJ 079324.2 mi20$35,165,460$1,300,000$1,758,273
07092Mountainside, NJ 070924.5 mi10$10,106,040$999,000$1,010,604
07052West Orange, NJ 070524.7 mi81$62,146,035$639,000$767,235
07940Madison, NJ 079404.9 mi21$38,847,669$1,699,000$1,849,889
07106Newark, NJ 071065.1 mi27$13,426,425$455,000$497,275
07050Orange, NJ 070505.2 mi36$19,569,708$499,000$543,603
07936East Hanover, NJ 079365.7 mi15$13,562,130$829,000$904,142
07016Cranford, NJ 070166.0 mi27$17,990,316$639,500$666,308
07204Roselle Park, NJ 072046.2 mi19$10,542,625$499,900$554,875

Frequently Asked Questions

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

As of January 2026, there are 26 active listings in SHORT HILLS, NJ (zip code 07078), compared to 23 the prior year.

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

The median listing price in SHORT HILLS, NJ 07078 is $3,988,000 as of January 2026, a 8.6% increase from $3,672,000 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 80 days on the market before going under contract, compared to 90 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 January 2026, SHORT HILLS, NJ 07078 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 80 days on market compared to 90 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 $79,760 compared to a typical 5% commission on the median listing price of $3,988,000. 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.