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OAK RIDGE, NJ 07438

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

Market Analysis

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

The OAK RIDGE, NJ real estate market (07438) currently shows 60 active listings, with 27 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.

Homes are selling faster, averaging 26 days on market compared to 41 days last year.

The median listing price has fallen 2.7% year-over-year, from $569,825 to $554,500.

Whether you are buying or selling in OAK RIDGE, 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: 11,209  ·  Density: 144.1/mi²  ·  Median household income: $120,242

Typical home value: $388,418  ·  Homeownership: 90.2%

Market Overview

Active Listings
60
⇧ 71.4% vs 35 last year
Pending
27
45% pending ratio
Median Price
$554,500
⇩ 2.7% vs $569,825 last year
Average Price
$542,339
⇩ 4.1% vs $565,428 last year
Days on Market
26
⇩ 36.6% vs 41 days last year

Price Per Square Foot

Median $/sqft
$254
⇩ 15.9% vs $302/sqft last year
Median Home Size
2,507 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 35 last year
  • Days on market: 26 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $554,500 (-2.7% YoY)
  • Average: $542,339 (-4.1% 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 11.2 miles — 303 listings ($221,764,677 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07438Oak Ridge, NJ 074380.0 mi22$12,202,014$549,975$554,637
07439Ogdensburg, NJ 074395.2 mi8$3,426,264$449,950$428,283
07871Sparta, NJ 078715.7 mi63$52,927,812$571,000$840,124
07849Lake Hopatcong, NJ 078496.3 mi28$20,125,168$734,225$718,756
07801Dover, NJ 078016.8 mi19$9,276,389$448,225$488,231
07405Butler, NJ 074057.7 mi34$36,722,958$722,250$1,080,087
07005Boonton, NJ 070058.8 mi28$29,902,628$789,000$1,067,951
07843Hopatcong, NJ 078439.5 mi39$24,300,003$509,675$623,077
07403Bloomingdale, NJ 074039.8 mi17$9,133,284$489,675$537,252
07848Lafayette, NJ 078489.9 mi6$3,064,674$510,500$510,779
07878Mount Tabor, NJ 0787811.1 mi2$1,172,000$586,000$586,000
07850Landing, NJ 0785011.2 mi14$9,113,804$539,900$650,986
07422Highland Lakes, NJ 0742211.2 mi23$10,397,679$385,999$452,073

Frequently Asked Questions

How many homes are for sale in OAK RIDGE, NJ 07438?

As of June 2026, there are 60 active listings in OAK RIDGE, NJ (zip code 07438), compared to 35 the prior year.

What is the median home price in OAK RIDGE, NJ 07438?

The median listing price in OAK RIDGE, NJ 07438 is $554,500 as of June 2026, a 2.7% decrease from $569,825 the prior year.

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

Homes in OAK RIDGE, NJ 07438 spend an average of 26 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in OAK RIDGE, NJ 07438?

Based on current inventory and days-on-market data as of June 2026, OAK RIDGE, NJ 07438 is currently a Balanced Market. Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice. Homes are selling faster, averaging 26 days on market compared to 41 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OAK RIDGE, NJ 07438 save an estimated $11,090 compared to a typical 5% commission on the median listing price of $554,500. 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.