Active Listings
33
⇩ 10.8% vs 37 last year
Data as of July 2026. Source: Realtor.com.
The MADISON, NJ real estate market (07940) currently shows 33 active listings, with 21 pending sales. Homes are averaging 28 days on the market before going under contract.
Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 28 days on market compared to 26 days last year.
The median listing price has fallen 20.9% year-over-year, from $1,574,450 to $1,246,000.
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.
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 July 2026, there are 33 active listings in MADISON, NJ (zip code 07940), compared to 37 the prior year.
The median listing price in MADISON, NJ 07940 is $1,246,000 as of July 2026, a 20.9% decrease from $1,574,450 the prior year.
Homes in MADISON, NJ 07940 spend an average of 28 days on the market before going under contract, compared to 26 days the prior year.
Based on current inventory and days-on-market data as of July 2026, MADISON, NJ 07940 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 28 days on market compared to 26 days last year.
With SELL123.com's maximum 3% commission, sellers in MADISON, NJ 07940 save an estimated $24,920 compared to a typical 5% commission on the median listing price of $1,246,000. 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.