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Newfoundland

ROCKAWAY, NJ 07866

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

Neighborhoods in ZIP 07866

Newfoundland

Market Analysis

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

The ROCKAWAY, NJ real estate market (07866) currently shows 98 active listings, with 43 pending sales. Homes are averaging 35 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are selling faster, averaging 35 days on market compared to 54 days last year.

The median listing price has risen 5.5% year-over-year, from $522,400 to $551,250.

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 Context

Market Context

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

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

Market Overview

Active Listings
98
⇧ 25.6% vs 78 last year
Pending
43
44% pending ratio
Median Price
$551,250
⇧ 5.5% vs $522,400 last year
Average Price
$586,030
⇧ 9.9% vs $533,187 last year
Days on Market
35
⇩ 35.2% vs 54 days last year

Price Per Square Foot

Median $/sqft
$324
⇩ 0.6% vs $326/sqft last year
Median Home Size
1,821 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 98 this year vs 78 last year
  • Days on market: 35 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $551,250 (+5.5% YoY)
  • Average: $586,030 (+9.9% 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
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 9.5 miles — 285 listings ($220,503,814 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07866Rockaway, NJ 078660.0 mi52$26,262,600$523,450$505,050
07005Boonton, NJ 070054.0 mi28$29,902,628$789,000$1,067,951
07046Mountain Lakes, NJ 070464.9 mi8$15,718,664$1,250,000$1,964,833
07438Oak Ridge, NJ 074385.5 mi22$12,202,014$549,975$554,637
07405Butler, NJ 074055.9 mi34$36,722,958$722,250$1,080,087
07435Newfoundland, NJ 074356.6 mi2$3,044,000$1,522,000$1,522,000
07950Morris Plains, NJ 079507.4 mi33$18,920,814$618,700$573,358
07082Towaco, NJ 070827.6 mi28$26,020,036$699,900$929,287
07856Mount Arlington, NJ 078568.0 mi23$17,938,597$487,972$779,939
07847Kenvil, NJ 078478.6 mi3$2,100,000$700,000$700,000
07843Hopatcong, NJ 078439.1 mi39$24,300,003$509,675$623,077
07927Cedar Knolls, NJ 079279.3 mi5$3,792,500$758,500$758,500
07457Riverdale, NJ 074579.5 mi8$3,579,000$455,000$447,375

Frequently Asked Questions

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

As of July 2026, there are 98 active listings in ROCKAWAY, NJ (zip code 07866), compared to 78 the prior year.

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

The median listing price in ROCKAWAY, NJ 07866 is $551,250 as of July 2026, a 5.5% increase from $522,400 the prior year.

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

Homes in ROCKAWAY, NJ 07866 spend an average of 35 days on the market before going under contract, compared to 54 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 July 2026, ROCKAWAY, NJ 07866 is currently a Balanced Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice. Homes are selling faster, averaging 35 days on market compared to 54 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 $11,025 compared to a typical 5% commission on the median listing price of $551,250. 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.