Active Listings
21
⇧ 5% vs 20 last year
Population: 17,798 · Density: 1,398.7/mi² · Median household income: $163,643
Typical home value: $843,224 · Homeownership: 63.7%
Data as of January 2026. Source: Realtor.com.
The MADISON, NJ real estate market (07940) currently shows 21 active listings, with 11 pending sales. Homes are averaging 40 days on the market before going under contract.
Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 40 days on market compared to 35 days last year.
The median listing price has fallen 11.5% year-over-year, from $1,920,000 to $1,699,000.
Whether you are buying or selling in MADISON, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 07940 | Madison, NJ 07940 | 0.0 mi | 21 | $38,847,669 | $1,699,000 | $1,849,889 |
| 07928 | Chatham, NJ 07928 | 2.4 mi | 22 | $45,096,348 | $1,895,000 | $2,049,834 |
| 07976 | New Vernon, NJ 07976 | 3.8 mi | 2 | $14,976,000 | $7,488,000 | $7,488,000 |
| 07981 | Whippany, NJ 07981 | 4.4 mi | 9 | $7,881,003 | $817,000 | $875,667 |
| 07960 | Morristown, NJ 07960 | 4.5 mi | 58 | $75,179,194 | $899,999 | $1,296,193 |
| 07078 | Short Hills, NJ 07078 | 4.9 mi | 26 | $102,261,718 | $3,988,000 | $3,933,143 |
| 07039 | Livingston, NJ 07039 | 5.0 mi | 57 | $112,882,800 | $1,899,000 | $1,980,400 |
| 07922 | Berkeley Heights, NJ 07922 | 5.9 mi | 19 | $18,317,159 | $787,500 | $964,061 |
| 07081 | Springfield, NJ 07081 | 6.4 mi | 26 | $15,034,578 | $599,000 | $578,253 |
| 07041 | Millburn, NJ 07041 | 6.7 mi | 9 | $9,526,500 | $1,200,000 | $1,058,500 |
| 07980 | Stirling, NJ 07980 | 7.0 mi | 3 | $2,315,850 | $771,950 | $771,950 |
| 07946 | Millington, NJ 07946 | 7.5 mi | 2 | $3,198,000 | $1,599,000 | $1,599,000 |
| 07040 | Maplewood, NJ 07040 | 8.0 mi | 29 | $21,809,189 | $649,500 | $752,041 |
As of January 2026, there are 21 active listings in MADISON, NJ (zip code 07940), compared to 20 the prior year.
The median listing price in MADISON, NJ 07940 is $1,699,000 as of January 2026, a 11.5% decrease from $1,920,000 the prior year.
Homes in MADISON, NJ 07940 spend an average of 40 days on the market before going under contract, compared to 35 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MADISON, NJ 07940 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 40 days on market compared to 35 days last year.
With SELL123.com's maximum 3% commission, sellers in MADISON, NJ 07940 save an estimated $33,980 compared to a typical 5% commission on the median listing price of $1,699,000. 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.