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BUTLER, NJ 07405

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

Market Analysis

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

The BUTLER, NJ real estate market (07405) currently shows 41 active listings, with 18 pending sales. Homes are averaging 24 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 24 days on market compared to 46 days last year.

The median listing price has risen 0.5% year-over-year, from $745,000 to $748,500.

Whether you are buying or selling in BUTLER, 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: 17,993  ·  Density: 350.8/mi²  ·  Median household income: $125,896

Typical home value: $521,993  ·  Homeownership: 80.0%

Market Overview

Active Listings
41
⇧ 5.1% vs 39 last year
Pending
18
44% pending ratio
Median Price
$748,500
⇧ 0.5% vs $745,000 last year
Average Price
$977,277
⇩ 1.3% vs $990,029 last year
Days on Market
24
⇩ 47.8% vs 46 days last year

Price Per Square Foot

Median $/sqft
$347
⇧ 21.3% vs $286/sqft last year
Median Home Size
2,551 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 39 last year
  • Days on market: 24 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $748,500 (+0.5% YoY)
  • Average: $977,277 (-1.3% 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
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 9.2 miles — 279 listings ($266,567,932 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07405Butler, NJ 074050.0 mi34$36,722,958$722,250$1,080,087
07457Riverdale, NJ 074573.7 mi8$3,579,000$455,000$447,375
07005Boonton, NJ 070054.5 mi28$29,902,628$789,000$1,067,951
07435Newfoundland, NJ 074354.9 mi2$3,044,000$1,522,000$1,522,000
07442Pompton Lakes, NJ 074425.2 mi19$8,945,770$474,500$470,830
07045Montville, NJ 070455.5 mi13$12,653,550$724,450$973,350
07035Lincoln Park, NJ 070355.9 mi17$9,923,818$566,500$583,754
07480West Milford, NJ 074807.0 mi49$23,399,117$407,450$477,533
07034Lake Hiawatha, NJ 070347.4 mi13$7,296,302$505,750$561,254
07438Oak Ridge, NJ 074387.7 mi22$12,202,014$549,975$554,637
07004Fairfield, NJ 070048.3 mi5$5,028,815$874,250$1,005,763
07834Denville, NJ 078348.7 mi41$26,674,600$481,975$650,600
07417Franklin Lakes, NJ 074179.2 mi28$87,195,360$2,990,000$3,114,120

Frequently Asked Questions

How many homes are for sale in BUTLER, NJ 07405?

As of March 2026, there are 41 active listings in BUTLER, NJ (zip code 07405), compared to 39 the prior year.

What is the median home price in BUTLER, NJ 07405?

The median listing price in BUTLER, NJ 07405 is $748,500 as of March 2026, a 0.5% increase from $745,000 the prior year.

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

Homes in BUTLER, NJ 07405 spend an average of 24 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in BUTLER, NJ 07405?

Based on current inventory and days-on-market data as of March 2026, BUTLER, NJ 07405 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 24 days on market compared to 46 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BUTLER, NJ 07405 save an estimated $14,970 compared to a typical 5% commission on the median listing price of $748,500. 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.