Call or Text (240) SELL-123

BUTLER, NJ 07405

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

Market Overview

Active Listings
34
⇩ 10.5% vs 38 last year
Pending
17
50% pending ratio
Median Price
$813,944
⇩ 8% vs $885,000 last year
Average Price
$1,086,136
⇧ 7.7% vs $1,008,059 last year
Days on Market
79
⇧ 17.9% vs 67 days last year

Market Context

Population: 17,993  ·  Density: 350.8/mi²  ·  Median household income: $125,896

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

Market Analysis

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

The BUTLER, NJ real estate market (07405) currently shows 34 active listings, with 17 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 79 days on market compared to 67 days last year.

The median listing price has fallen 8% year-over-year, from $885,000 to $813,944.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for BUTLER, NJ 07405 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 38 last year
  • Days on market: 79 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $813,944 (-8% YoY)
  • Average: $1,086,136 (+7.7% 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 9.2 miles — 297 listings ($282,764,335 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07405Butler, NJ 074050.0 mi34$36,928,624$813,944$1,086,136
07457Riverdale, NJ 074573.7 mi5$2,907,750$497,200$581,550
07005Boonton, NJ 070054.5 mi29$30,189,000$849,000$1,041,000
07435Newfoundland, NJ 074354.9 mi2$1,098,000$549,000$549,000
07442Pompton Lakes, NJ 074425.2 mi21$12,509,658$599,000$595,698
07045Montville, NJ 070455.5 mi14$14,703,150$838,500$1,050,225
07035Lincoln Park, NJ 070355.9 mi21$11,148,564$524,900$530,884
07480West Milford, NJ 074807.0 mi57$26,975,820$399,450$473,260
07034Lake Hiawatha, NJ 070347.4 mi17$8,889,300$399,950$522,900
07438Oak Ridge, NJ 074387.7 mi19$9,601,973$544,900$505,367
07004Fairfield, NJ 070048.3 mi10$8,396,700$779,000$839,670
07834Denville, NJ 078348.7 mi41$33,673,300$702,000$821,300
07417Franklin Lakes, NJ 074179.2 mi27$85,742,496$2,990,000$3,175,648

Frequently Asked Questions

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

As of January 2026, there are 34 active listings in BUTLER, NJ (zip code 07405), compared to 38 the prior year.

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

The median listing price in BUTLER, NJ 07405 is $813,944 as of January 2026, a 8% decrease from $885,000 the prior year.

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

Homes in BUTLER, NJ 07405 spend an average of 79 days on the market before going under contract, compared to 67 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 January 2026, BUTLER, NJ 07405 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 79 days on market compared to 67 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 $16,279 compared to a typical 5% commission on the median listing price of $813,944. 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.