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WHARTON, NJ 07885

Real Estate Market Report  ·  Morris County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WHARTON, NJ real estate market (07885) currently shows 31 active listings, with 14 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 46 days on market compared to 45 days last year.

The median listing price has risen 17.7% year-over-year, from $399,900 to $470,500.

Whether you are buying or selling in WHARTON, 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: 11,673  ·  Density: 306.9/mi²  ·  Median household income: $102,578

Typical home value: $324,280  ·  Homeownership: 64.5%

Market Overview

Active Listings
31
⇧ 34.8% vs 23 last year
Pending
14
45% pending ratio
Median Price
$470,500
⇧ 17.7% vs $399,900 last year
Average Price
$463,588
⇧ 7.5% vs $431,422 last year
Days on Market
46
⇧ 2.2% vs 45 days last year

Price Per Square Foot

Median $/sqft
$296
⇧ 6.5% vs $278/sqft last year
Median Home Size
1,507 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 31 this year vs 23 last year
  • Days on market: 46 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $470,500 (+17.7% YoY)
  • Average: $463,588 (+7.5% 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 10.0 miles — 307 listings ($201,441,455 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07885Wharton, NJ 078850.0 mi29$13,874,963$486,950$478,447
07856Mount Arlington, NJ 078563.1 mi23$17,938,597$487,972$779,939
07803Mine Hill, NJ 078033.9 mi5$1,353,835$297,450$270,767
07843Hopatcong, NJ 078434.3 mi39$24,300,003$509,675$623,077
07866Rockaway, NJ 078664.9 mi52$26,262,600$523,450$505,050
07852Ledgewood, NJ 078525.7 mi9$3,596,004$339,999$399,556
07878Mount Tabor, NJ 078786.6 mi2$1,172,000$586,000$586,000
07857Netcong, NJ 078576.9 mi2$1,198,000$599,000$599,000
07438Oak Ridge, NJ 074387.3 mi22$12,202,014$549,975$554,637
07950Morris Plains, NJ 079507.7 mi33$18,920,814$618,700$573,358
07871Sparta, NJ 078718.4 mi63$52,927,812$571,000$840,124
07821Andover, NJ 078219.2 mi23$23,902,313$699,000$1,039,231
07927Cedar Knolls, NJ 0792710.0 mi5$3,792,500$758,500$758,500

Frequently Asked Questions

How many homes are for sale in WHARTON, NJ 07885?

As of March 2026, there are 31 active listings in WHARTON, NJ (zip code 07885), compared to 23 the prior year.

What is the median home price in WHARTON, NJ 07885?

The median listing price in WHARTON, NJ 07885 is $470,500 as of March 2026, a 17.7% increase from $399,900 the prior year.

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

Homes in WHARTON, NJ 07885 spend an average of 46 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in WHARTON, NJ 07885?

Based on current inventory and days-on-market data as of March 2026, WHARTON, NJ 07885 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 46 days on market compared to 45 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WHARTON, NJ 07885 save an estimated $9,410 compared to a typical 5% commission on the median listing price of $470,500. 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.