Call or Text (240) SELL-123

FAR HILLS, NJ 07931

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The FAR HILLS, NJ real estate market (07931) currently shows 22 active listings, with 6 pending sales. Homes are averaging 59 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 59 days on market compared to 80 days last year.

The median listing price has risen 20.9% year-over-year, from $2,450,000 to $2,962,000.

Whether you are buying or selling in FAR HILLS, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for FAR HILLS, NJ 07931 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 3,399  ·  Density: 59.8/mi²  ·  Median household income: $155,703

Typical home value: $952,257  ·  Homeownership: 87.4%

Market Overview

Active Listings
22
vs 22 last year
Pending
6
27% pending ratio
Median Price
$2,962,000
⇧ 20.9% vs $2,450,000 last year
Average Price
$3,738,469
⇧ 20.5% vs $3,101,982 last year
Days on Market
59
⇩ 26.3% vs 80 days last year

Price Per Square Foot

Median $/sqft
$403
⇧ 4.1% vs $387/sqft last year
Median Home Size
7,161 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 59 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $2,962,000 (+20.9% YoY)
  • Average: $3,738,469 (+20.5% 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 — 247 listings ($291,488,991 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07931Far Hills, NJ 079310.0 mi22$67,656,292$2,412,750$3,075,286
07934Gladstone, NJ 079341.5 mi1$1,056,250$1,056,250$1,056,250
07921Bedminster, NJ 079213.7 mi18$10,673,604$483,675$592,978
08858Oldwick, NJ 088584.7 mi1$939,000$939,000$939,000
07920Basking Ridge, NJ 079205.6 mi38$35,803,448$499,000$942,196
07830Califon, NJ 078307.5 mi19$19,457,805$911,950$1,024,095
08807Bridgewater, NJ 088078.2 mi46$32,640,082$597,000$709,567
07853Long Valley, NJ 078538.6 mi14$12,833,534$844,250$916,681
07980Stirling, NJ 079808.8 mi4$3,087,800$771,950$771,950
08869Raritan, NJ 088699.3 mi5$2,762,250$552,450$552,450
07976New Vernon, NJ 079769.5 mi3$16,466,250$5,813,250$5,488,750
07960Morristown, NJ 079609.9 mi58$77,481,156$950,000$1,335,882
07876Succasunna, NJ 0787610.0 mi18$10,631,520$599,950$590,640

Frequently Asked Questions

How many homes are for sale in FAR HILLS, NJ 07931?

As of March 2026, there are 22 active listings in FAR HILLS, NJ (zip code 07931), compared to 22 the prior year.

What is the median home price in FAR HILLS, NJ 07931?

The median listing price in FAR HILLS, NJ 07931 is $2,962,000 as of March 2026, a 20.9% increase from $2,450,000 the prior year.

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

Homes in FAR HILLS, NJ 07931 spend an average of 59 days on the market before going under contract, compared to 80 days the prior year.

Is it a seller's or buyer's market in FAR HILLS, NJ 07931?

Based on current inventory and days-on-market data as of March 2026, FAR HILLS, NJ 07931 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 59 days on market compared to 80 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FAR HILLS, NJ 07931 save an estimated $59,240 compared to a typical 5% commission on the median listing price of $2,962,000. 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.