Active Listings
29
⇧ 11.5% vs 26 last year
Data as of September 2026. Source: Realtor.com.
The MADISON, NJ real estate market (07940) currently shows 29 active listings, with 14 pending sales. Homes are averaging 19 days on the market before going under contract.
Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 19 days on market compared to 17 days last year.
The median listing price has fallen 9.2% year-over-year, from $1,288,250 to $1,169,750.
Population: 17,798 · Density: 1,398.7/mi² · Median household income: $163,643
Typical home value: $843,224 · Homeownership: 63.7%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 07940 | Madison, NJ 07940 | 0.0 mi | 21 | $50,763,027 | $2,347,500 | $2,417,287 |
| 07928 | Chatham, NJ 07928 | 2.4 mi | 39 | $84,926,205 | $1,916,000 | $2,177,595 |
| 07976 | New Vernon, NJ 07976 | 3.8 mi | 3 | $16,466,250 | $5,813,250 | $5,488,750 |
| 07981 | Whippany, NJ 07981 | 4.4 mi | 8 | $7,213,920 | $859,000 | $901,740 |
| 07960 | Morristown, NJ 07960 | 4.5 mi | 58 | $77,481,156 | $950,000 | $1,335,882 |
| 07078 | Short Hills, NJ 07078 | 4.9 mi | 32 | $119,679,584 | $3,837,500 | $3,739,987 |
| 07039 | Livingston, NJ 07039 | 5.0 mi | 53 | $102,824,134 | $1,844,750 | $1,940,078 |
| 07922 | Berkeley Heights, NJ 07922 | 5.9 mi | 18 | $21,698,298 | $1,152,750 | $1,205,461 |
| 07081 | Springfield, NJ 07081 | 6.4 mi | 24 | $13,936,152 | $652,200 | $580,673 |
| 07041 | Millburn, NJ 07041 | 6.7 mi | 17 | $25,779,106 | $1,583,750 | $1,516,418 |
| 07980 | Stirling, NJ 07980 | 7.0 mi | 4 | $3,087,800 | $771,950 | $771,950 |
| 07946 | Millington, NJ 07946 | 7.5 mi | 3 | $2,173,500 | $724,500 | $724,500 |
| 07040 | Maplewood, NJ 07040 | 8.0 mi | 31 | $18,743,964 | $498,950 | $604,644 |
As of September 2026, there are 29 active listings in MADISON, NJ (zip code 07940), compared to 26 the prior year.
The median listing price in MADISON, NJ 07940 is $1,169,750 as of September 2026, a 9.2% decrease from $1,288,250 the prior year.
Homes in MADISON, NJ 07940 spend an average of 19 days on the market before going under contract, compared to 17 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MADISON, NJ 07940 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 19 days on market compared to 17 days last year.
With SELL123.com's maximum 3% commission, sellers in MADISON, NJ 07940 save an estimated $23,395 compared to a typical 5% commission on the median listing price of $1,169,750. 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.