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BUDD LAKE, NJ 07828

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

Market Analysis

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

The BUDD LAKE, NJ real estate market (07828) currently shows 36 active listings, with 15 pending sales. Homes are averaging 27 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 27 days on market compared to 31 days last year.

The median listing price has fallen 10.1% year-over-year, from $627,475 to $564,250.

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Market Context

Market Context

Population: 14,083  ·  Density: 383.8/mi²  ·  Median household income: $90,120

Typical home value: $396,201  ·  Homeownership: 53.5%

Market Overview

Active Listings
36
⇧ 9.1% vs 33 last year
Pending
15
42% pending ratio
Median Price
$564,250
⇩ 10.1% vs $627,475 last year
Average Price
$606,989
⇩ 12.4% vs $692,938 last year
Days on Market
27
⇩ 12.9% vs 31 days last year

Price Per Square Foot

Median $/sqft
$316
⇧ 9% vs $290/sqft last year
Median Home Size
1,830 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 36 this year vs 33 last year
  • Days on market: 27 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $564,250 (-10.1% YoY)
  • Average: $606,989 (-12.4% 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 12.0 miles — 249 listings ($174,004,195 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07828Budd Lake, NJ 078280.0 mi17$9,267,992$582,990$545,176
07874Stanhope, NJ 078743.7 mi27$12,082,230$469,450$447,490
07840Hackettstown, NJ 078404.5 mi50$28,299,800$519,750$565,996
07850Landing, NJ 078505.0 mi14$9,113,804$539,900$650,986
07876Succasunna, NJ 078765.5 mi18$10,631,520$599,950$590,640
07856Mount Arlington, NJ 078566.6 mi23$17,938,597$487,972$779,939
07853Long Valley, NJ 078536.9 mi14$12,833,534$844,250$916,681
07930Chester, NJ 079307.9 mi13$15,664,558$1,099,725$1,204,966
07838Great Meadows, NJ 078388.3 mi5$1,967,500$393,500$393,500
07869Randolph, NJ 078699.4 mi37$36,801,828$793,570$994,644
07865Port Murray, NJ 0786510.2 mi11$9,070,193$556,500$824,563
07801Dover, NJ 0780111.2 mi19$9,276,389$448,225$488,231
07934Gladstone, NJ 0793412.0 mi1$1,056,250$1,056,250$1,056,250

Frequently Asked Questions

How many homes are for sale in BUDD LAKE, NJ 07828?

As of September 2026, there are 36 active listings in BUDD LAKE, NJ (zip code 07828), compared to 33 the prior year.

What is the median home price in BUDD LAKE, NJ 07828?

The median listing price in BUDD LAKE, NJ 07828 is $564,250 as of September 2026, a 10.1% decrease from $627,475 the prior year.

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

Homes in BUDD LAKE, NJ 07828 spend an average of 27 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in BUDD LAKE, NJ 07828?

Based on current inventory and days-on-market data as of September 2026, BUDD LAKE, NJ 07828 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 27 days on market compared to 31 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BUDD LAKE, NJ 07828 save an estimated $11,285 compared to a typical 5% commission on the median listing price of $564,250. 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.