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ROCKAWAY, NJ 07866

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

Market Overview

Active Listings
46
⇩ 6.1% vs 49 last year
Pending
22
48% pending ratio
Median Price
$532,450
⇩ 7.9% vs $578,188 last year
Average Price
$547,265
⇩ 8.9% vs $601,026 last year
Days on Market
46
⇧ 43.8% vs 32 days last year

Market Context

Population: 22,383  ·  Density: 375.6/mi²  ·  Median household income: $123,710

Typical home value: $409,962  ·  Homeownership: 83.3%

Market Analysis

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

The ROCKAWAY, NJ real estate market (07866) currently shows 46 active listings, with 22 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 46 days on market compared to 32 days last year.

The median listing price has fallen 7.9% year-over-year, from $578,188 to $532,450.

Whether you are buying or selling in ROCKAWAY, 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: 46 this year vs 49 last year
  • Days on market: 46 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $532,450 (-7.9% YoY)
  • Average: $547,265 (-8.9% 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 9.5 miles — 256 listings ($193,863,665 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07866Rockaway, NJ 078660.0 mi46$25,174,190$532,450$547,265
07005Boonton, NJ 070054.0 mi29$30,189,000$849,000$1,041,000
07046Mountain Lakes, NJ 070464.9 mi4$6,796,000$798,000$1,699,000
07438Oak Ridge, NJ 074385.5 mi19$9,601,973$544,900$505,367
07405Butler, NJ 074055.9 mi34$36,928,624$813,944$1,086,136
07435Newfoundland, NJ 074356.6 mi2$1,098,000$549,000$549,000
07950Morris Plains, NJ 079507.4 mi31$17,190,616$615,450$554,536
07082Towaco, NJ 070827.6 mi24$22,607,208$649,900$941,967
07856Mount Arlington, NJ 078568.0 mi16$15,153,264$499,999$947,079
07847Kenvil, NJ 078478.6 mi6$3,674,850$612,475$612,475
07843Hopatcong, NJ 078439.1 mi35$18,907,490$399,000$540,214
07927Cedar Knolls, NJ 079279.3 mi5$3,634,700$726,940$726,940
07457Riverdale, NJ 074579.5 mi5$2,907,750$497,200$581,550

Frequently Asked Questions

How many homes are for sale in ROCKAWAY, NJ 07866?

As of January 2026, there are 46 active listings in ROCKAWAY, NJ (zip code 07866), compared to 49 the prior year.

What is the median home price in ROCKAWAY, NJ 07866?

The median listing price in ROCKAWAY, NJ 07866 is $532,450 as of January 2026, a 7.9% decrease from $578,188 the prior year.

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

Homes in ROCKAWAY, NJ 07866 spend an average of 46 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in ROCKAWAY, NJ 07866?

Based on current inventory and days-on-market data as of January 2026, ROCKAWAY, NJ 07866 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 46 days on market compared to 32 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ROCKAWAY, NJ 07866 save an estimated $10,649 compared to a typical 5% commission on the median listing price of $532,450. 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.